Customer-owned
Is that like nationalizing it to make it “worker-owned?”
The “diverse” board of directors will be something to behold.
Start protesting and demanding a left-handed green-eyed trans-gender dwarf seat now—for the people!
“Is that like nationalizing it to make it “worker-owned?”
Here’s a quick overview.
There are four types of utilities in the US:
Investor Owned (IOUs)
Cooperatives (Coops)
Municipal (Munis)
Federally managed (Tennessee Valley authority, Bonneville Power Association)
Coops and Munis are “customer owned” (COUs)
IOUs are often regulated (prices and practices) because they are considered a monopoly.
Historically, a fair amount of volatility has existed in service territories and business organization types. Recently, for example, Boulder CO (municipality) tried to take over Xcel’s (IOU) territory.
San Jose could attempt to take over their portion of the PG&E territory.
Many of these kinds of deals wind up in long court battles depending on the hostility of the relationships. Sometimes the change occurs.