In my area we have had excellent and consistent service from NS power up until last years hurricane. Yet here we are a year later with winds far less than last year and power is out. But this has been consistent for months. Small storms and bang power gone. How does ns power keep justifying price increases when then apparently have no intention of actually fixing things and making them better? Maybe Mr. CEO and other managers shouldn’t be getting any bonuses and investors should not be getting payouts. Privatization is such a scam.
Because spending money to maintain the grid removes money available to pass back to the shareholders and as the CEO is held to account by shareholders, less money for shareholders means the company is not doing as well.
I hope those shareholders get to sit in the dark for a week without power. Maybe they’ll get the hint.
The trouble is that the shareholders are mostly not local investors or even individuals at all. They are institutional or corporate investors. In fact, I bet a lot of the shareholders are members of mutual funds that have no idea what they hold shares in.