“And if you’ve noticed your electric bill recently, it’s getting worse. And this worsening dynamic isn’t a result of higher cost levels, but financial engineering of men like McKenzie. How do we know? Well, as it turns out, there is a useful natural experiment. Only 70% of electric utilities are investor-owned, the other 30% are publicly owned, either by cities or cooperatives or some other public ownership model. And we can compare rates across ownership structures. As utility expert Mark Ellis noted in an important new paper on which this BIG piece is based, in the past three years, investor-owned utility rates went up 49% more than inflation, whereas publicly owned ones have gone up 44% less than inflation”
https://www.thebignewsletter.com/p/power-moves-how-electric-utility