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It shouldn't be privately owned. The deregulation of the power industry is almost the exclusive legacy of the Bush family. Clinton started out supporting it but after the california crisis, kicked Enron out of Cali and started rolling things back. Bush II came in and started down the road of dereg again, and allowed Enron back into California.
Corporate welfare is bad, but federal loans to require power companies to upgrade are good, loans get paid back with interest. Loans are what Bush denied. Federal regulations should be imposed on the companies also to ensure this doesn't happen again.
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