It’s Time for Energy Democracy
How Electric Utilities Have Changed
When most of our electric grid was built (1935-1960), it was owned by either municipalities or locally owned private companies. In both cases, executives and managers were trusted members of the local community. They were accountable. And they were seen as heroes for bringing electric power to the rest of us.
Corporate takeovers during the 1980s and 90s changed all that. The thinking was that if we allowed large, publicly held corporations to take over our electric utilities, it would bring more capital to invest in the grid.
While that may be true, the trade off is [… continue reading]