Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Not really. After the collapse of the nuclear power project owned by LILCO the company was taken over by a public entity. This is mostly a fiction designed to allow for public financing of the sunk costs.

LIPA owns nothing and buys it power from private companies. I'm not sure who owns the distribution system, it may be LIPA. In the present US climate taking over a private company and making it into a true municipal one doesn't happen even in cases as extreme as this one.

Regardless of how obvious the examples of the value of non-profit enterprises for certain key sectors of society, the US keeps selling off the publicly owned resources and getting higher prices and lower quality as a consequence. The new owners do get rich however having been handed effective monopolies.

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Fri Jul 13th, 2007 at 11:08:47 AM EST
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