The War for Your Electric Bill

MSN’s Jim Jubak weighs in on the downside of private equity firms taking over power utilities:  poorer service and higher rates.   In other words, the CEO’s win, and you lose.

The higher bills that result from these leveraged buyouts will go even higher due to increasing energy costs and ever-increasing demand.

HT:  The Oil Drum

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One Response to The War for Your Electric Bill

  1. Jared says:

    I’m fairly certain that Greg Palast investigated the monopolization of utilities in one or another of his books. The one that I remember touching on that subject is The Best Democracy Money Can Buy. Highly informative.

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