Modeling the organizational behavior of monopolies as a steady state, or an example of rationality, is a perilous process. Many utilities are starting to flirt

Modeling the organizational behavior of monopolies as a steady state, or an example of rationality, is a perilous process. Many utilities are starting to flirt with it, but they really do think in decades -- if you can call their deliberations thinking. In the meantime, nimbler companies can make a lot of money filling a market need while taking a little more risk.