Per the article I posted, what happens when the government entity, in this case the TVA, ignores looming problems with infrastructure until they reach a critical juncture? In the article the looming issues with their coal fired generation and increasing regulation from the EPA regarding coal generation. In the case of our local sewer utility, customers get saddled with sur charges. I just received the business sewer bill today, the sewer bill was $17.71, and the surcharge for our city's lack of preparation was $54.00.
Forecasting future needs, dealing with infrastructure maintenance, etc., is where I see private utilities do a lot better job. I would guess the vast majority of government owned utilities are sewer and or water in local municipalities. Is there any infrastructure in the community that's worse maintained? And when either breaks, it's going to be a mess, right off the top of my head they had major flooding in Louisville a couple of years ago when a 4' cast iron main ruptured that was installed in 1892.