Probably could have worked to the advantage of consumers ONLY if the whole power system was local community owned (State or Federal) including the poles and wire component of the system and only manipulated by the medium of taxation supposedly for the good of all.
Ken
This is puzzling me a lot
We did have that situation, so what brought privatization about? Huge government debt? Internal industrial inefficiencies? Etc. or a combination of the above?
Stands to reason, if a corporation buys a state owned asset it is their aim to make a profit out of it - and we all know who pays.
It's another means of wealth transfer.