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AVD
Respice, Adspice, Prospice
Premium
join:2003-02-06
Onion, NJ
kudos:1
reply to Jack_in_VA

Re: Here's the law

private utilities are beholden to their shareholders, nothing more or less.



Jack_in_VA
Premium
join:2007-11-26
North, VA
kudos:1
Reviews:
·Millenicom

said by AVD:

private utilities are beholden to their shareholders, nothing more or less.

"As any public company is". Nothing more, nothing less and to expect anything other is foolish.

I guess must states are the same as Virginia. The state will guarantee the utility makes a certain amount of profit and will allow rates that allow them do it.