” When I first went into power out of engineering school, regulated utilities had an “obligation to serve” because they were regulated and natural monopolies. Deregulation has created this gigantic mess. The notion of “obligation to serve” is outdated, I guess. “
Yep. Government regulated monopolies are what we should have in every segment.
You’re putting words in my mouth. Is that you, Schiff?
Some industries are natural monopolies and the tens of billions of dollars to deregulate them and make them competitive has royally failed. Telecom deregulation, airline deregulation, trucking deregulation, natural gas deregulation all succeeded wildly. But deregulation in the power industry is a complete and total failure.
They work fairly well in Venezuela. And remember, under Communism, the electricity you don't get is absolutely free!
“Deregulation has created this gigantic mess.”
And you thing CA utilities are deregulated? THEY’RE all but run by CPUC and CALEPA!