Private acquisition of public utilities isn't always a good thing. I worked in a public utility that had to rescue over 30 small, private water systems that were built on the cheap, hired a "guy" to run them (usually a retired utility worker)and bailed when the systems needed significant upgrades. Public utilities were then forced to take over the failing systems, bring them up to standards and operate them. Ironically, once fixed up, private utility companies began knocking on the door to buy them.
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