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The goal is to enhance shareholder value. End of story.
by madaxe 14y ago
The goal is to enhance shareholder value. End of story.
- tedsanders 14y agoThat's not the end of story. The reality is that utilities are filled with thousands of employees. Not every employee has the sole goal of enhancing shareholder value. Anyway, enhancing shareholder value isn't necessarily at odds with allowing people to generate electricity with distributed solar. You can defer quite a bit of capital expense (e.g. power lines) if the load gets reduced by generation. Finally, for some regulated utilities, maximizing revenue doesn't mean maximizing profits. Sometimes regulations set the profit, and there are ways to game it that don't involve running the utility as a private-profit-maximizing firm.