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Political Factoid
Regulated* monopoly utilities
are "rate-based" investments.
They do not make money on
what they buy, sell, or do.
"They make money by drawing
a rate of return on investments"
in the infrastructure they own.
- Power lines
- Gas lines
- Water lines
- Sewer lines
- etc.
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Unregulated ones are similiar
(but without "rent control")
e.g., coax cables, fiber optic
cables, telephone cables
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