Re:What went wrong with the Texas power grid?
by oivey on Tuesday February 16, 2021 @09:46PM
(#26162052)
The legislature could have done something, but the private utility companies could have also decided to provide a quality, reliable product. In the old days they may have considered it their civic duty. This is just another example of why private utility monopolies don’t work.
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Re:What went wrong with the Texas power grid?
by Spooky23 on Tuesday February 16, 2021 @11:28PM
(#26162691)
They did that in the old days because the public utility commission wielded a big stick. Companies only understand punishment when delivering a commodity service. Power companies care about the dividend.
In my experience running capital projects, you get performance by paying modest performance bonuses and assessing tough penalties for non-performance.