Public Ownership Won’t Cure Power Market Volatility ...Middle East

There are at least two places, San Francisco and the mid-Hudson Valley in New York, where political activists are currently advocating for a public takeover of the local investor-owned utility. Pacific Gas and Electric is owned by utility holding company PG&E Corporation and the service territory of the former Central Hudson Gas & Electric Company is owned by Fortis Inc, a Canadian holding company with varied utility interests. We have no views on the respective merits of either municipalization movement. What we find interesting is that…

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