America’s electricity grid, the vast network that keeps the lights on, the data centers running, and the economy functioning, was never designed to be a Wall Street asset class. For more than a century, electric utilities have operated as tightly regulated monopolies, granted exclusive territorial control in exchange for public oversight of rates, reliability, and long-term investment. Increasingly, however, some of the world’s largest private equity firms are moving aggressively to buy up these utilities.
Experts warn that handing over essential infrastructure to investment funds engineered for short-term returns may create problems far more costly than the ones these deals claim to solve.
Source: UOMOD