CEA’s Matt Gonzales discusses the true costs for residents and taxpayers when cities look at taking over utility services.
The City of San Diego is debating whether it should take over the assets and operations of the city’s electric grid – in other words, socializing a privately owned company and putting it under government control. The people of San Diego should reject what amounts to a $9+ billion buyout with highly speculative benefits, very expensive upfront costs, and potential mismanagement that would cost ratepayers and taxpayers dearly for years to come.
Read more – Real Clear Energy