The tax collection function they perform on your utility bill.
The way they collude with the PUC to pump the rate base with everything from tree trimming to line maintenance.
The carbon "market" as a tool for redistribution of income (and if you think the utility companies in California didn't want that, I give you John Bryson).
Reporting people without a warrant for odd electrical usage patterns as indication of a drug operation.
Need more?
Modern LED lights allow you to fool the erratic power usage traces. Plus they are cool enough you don’t need to run an AC just for your grow rooms!