Most utilities are private companies that essentially get fixed profit. Essentially they operate on a cost-plus system. That was how telecom was run in America

Most utilities are private companies that essentially get fixed profit. Essentially they operate on a cost-plus system. That was how telecom was run in America for 50 years and it didn't work out. These sorts of companies aren't innovative or efficient. Any investment in new upgrades would require a public utility commission to approve a rate hike. Guess what, the public isn't going to support you raising their rates for faster internet. Maybe it is the way to go, but you gotta be damn sure they do it correctly the first time. Because you won't get upgrades.