Not only do they have a profit motive, they have a 'Guaranteed Rate of Return'; All this at the citizen's expense.
Rate of return issue, and how the current bond market activity and yield curve plays into this, is covered in https://www.thebignewsletter.com/p/how-the-federal-reserve-s...
As interest rates go up, investor owned utilities increase their rate of return on equity ask, pushing up consumer electricity prices. A baseline of consumer electric demand is inelastic, and required for life.
alt Hacker News
Rate of return issue, and how the current bond market activity and yield curve plays into this, is covered in https://www.thebignewsletter.com/p/how-the-federal-reserve-s...
As interest rates go up, investor owned utilities increase their rate of return on equity ask, pushing up consumer electricity prices. A baseline of consumer electric demand is inelastic, and required for life.