United Kingdom
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There is another way… the new government regulator can force terms on the water companies that limit bill hikes, pay, dividends and bonuses until the upgrades they were supposed to do over the last 40 years are completed and their debts are repaid.
The pensions take a bit of a hit without wiping them out and the government is just ensuring the vital infrastructure is upgraded and sewage is treated as promised when they privatised.
US uses regulatory commissions for electricity among other utilities...
It doesnt work.
The parasite captured it too. I am not even sureif anything works due to culture of corruption within Corp and state institutions