this post was submitted on 13 Dec 2024
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cross-posted from: https://slrpnk.net/post/8503579

seize the means of production

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[–] [email protected] 22 points 1 week ago (3 children)

I bet it's being deliberately underfunded and/or mismanaged to support an eventual attempt to privatize.

[–] skulkingaround 7 points 1 week ago* (last edited 1 week ago) (2 children)

Deliberately underfunded or mismanaged, maybe. It's been like this since the 90s at least. But I don't think they need any intent for a buyout for it to suck. Afaik, there is zero interest from any private buyers for our utilities.

If I had to point to a specific failure, it's that the rates are set by city council, and raising them is wildly unpopular. Everyone who proposed it loses re-election. We have some of the cheapest power in the world but fat lot of good that does when it's not on.

[–] [email protected] 3 points 1 week ago (1 children)

How does that work? They still have to buy the power from someone, and those prices have increased. Or do they own their own power plant/turbine/whatever. Then they should sell the excess and subsidize their citizens.

[–] skulkingaround 4 points 1 week ago* (last edited 1 week ago)

They buy most power from TVA, the rate city council controls is the fixed rate markup they charge on top. Our power is $0.07/kwh by the time you pay for it.