> we socialize the fixed costs
Then we should socialize that infrastructure as well. Otherwise if we're merely _amortizing_ the costs then a total capacity metric should apply to each user.
A private company shouldn't be allowed to socialize important shared infrastructure simply because a weak PUC pretends to engage in oversight.
I get the intuition behind fully socializing it, but I wouldn’t go that far. Single-operator systems lose redundancy fast, and that’s dangerous for infrastructure.
A layered mix — county-level public utilities, some private operators, and some hybrid/municipal entities — might be closer to a resilient structure.
Not clean or elegant, but fault-tolerant.