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At this point the state might as well just take over the company as it sounds like they have essentially done so through regulation anyway.


But then there won’t be a fall guy when things go wrong.


Well, yes, that would make more sense.

I assume the idea behind the current setup is that having the state own a power company would be "communist", whereas having a "private" power company for which the state determines the areas it serves, the rates it charges customers, and how it spends its money is "not communist".


Never attribute to anti-communism that which can be more easily explained by crony capitalism.




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