Once upon a time, all utilities were regulated by the government. There was recognition that power and water were necessities and that there was potential for abuse by the monopolies that provided them to consumers.
Over the last 20 years, corporatist "free-market" true-believers (also known as Republicans) have snowed everyone into thinking that the magic "invisible hand" of market competition would benefit consumers by providing incentives to innovate and drive down prices. We all know now how that turned out:
Enron Forced Up California Prices, Documents Show
BP Accused of Price Manipulation
Texas and California have been the primary guinea-pigs for the evil experiment known as utility deregulation...and who could have predicted this?:
Deregulation: Raw Deal for Power Users
The deck is increasingly stacked against Joe six-pack in favor of these huge corporations and their shareholders.
I love America....and Freedom! Freedom to be ripped-off while being told everything is just rosy now.
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