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Posted on 7/12/22 at 10:35 am to barry
quote:
Utility companies with their greedy *checks notes* 7% margins
A constant 7pct is not bad.
Also worth thinking about, that's their GAAP bottom line after financial engineering. If it's anything like PG&E, that place is coated in gold. I've done work for power companies and their people work very easy days, drive very nice trucks, and have incredible benefits.
See above comments about a monopoly.
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