[madaxe_again]

They won’t just leave a utility lying dead by the roadside. Going by the last few decades of precedent, its assets will be acquired by a consortium of the current principals, most likely using state provided grants or loans to get things running again.

The argument is essential infrastructure, expertise, etc. - I mean, it works for banks, and surely a utility provider is actually essential infrastructure.

[bilekas]

Surely if they do get a bailout from the Gov, lets say Federal in this case, they would be subject to some actual regulation ?

Might not be the worst, all things considered.