“Everybody is mad at utilities:” Why the industry faces a political reckoning

Utility costs are soaring to record levels, and Americans are right to ask, Where’s all the money going? Antitrust analyst Matt Stoller blames a broken system that guarantees utility monopolies a profit on everything they spend, rewarding waste while the grid gets worse, and Wall Street gets richer. But the tide is starting to turn, Stoller says, driven by a broader revolt against the affordability crisis. As he puts it: “Everybody is mad at utilities.”

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