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The government employees who approve or deny the utility’s priced have an incentive to not approve higher prices. Their bosses are usually elected, and higher
by lotsofpulp 7mo ago
The government employees who approve or deny the utility’s priced have an incentive to not approve higher prices. Their bosses are usually elected, and higher utility prices are very unpopular.
- balderdash 7mo agoI was told by a former southern company exec that the McKinsey did a study for them and their largest competitive advantage was regulatory capture in the states in which they operate - unfortunately I think the politicians are more beholden to the utilities than their constituents..