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by groby_b 1131 days ago
Yep, the California power company. There's a whole long saga, but the short of it is that California decided to privatize electricity companies, that horribly imploded, and in the long run we ended up with a quasi-monopoly for a horrible company that's so bad at maintenance, they set the state on fire on a regular basis.

But sure, privatize gains and externalize losses works too :)