John Peckham:

Perhaps I am getting this wrong? You buy a public asset at a knock down price, you don't invest in the improvement and maintenance of your now private asset that you own, you extract as much cash as you can from the company. The asset decays and starts to fail and then you have a few options.


1. Give the now knackered asset back to the government, or better still sell it to them. Government spends huge amounts of tax payers money upgrading the asset. Buy the upgraded asset back and repeat cycle.

2. Go to the government and ask for a huge amount as a grant of tax payers money to invest in your company. Spend 80% of that money on the asset and pocket 20% as dividends and fees. Repeat cycle.

3. Go to government and ask for a huge increase in tariff as an emergency measure and use Smart meters to ration demand.


Well that's the network sorted now what about the generation of electricity to pipe through the new network?

John Peckham:

Perhaps I am getting this wrong? You buy a public asset at a knock down price, you don't invest in the improvement and maintenance of your now private asset that you own, you extract as much cash as you can from the company. The asset decays and starts to fail and then you have a few options.


1. Give the now knackered asset back to the government, or better still sell it to them. Government spends huge amounts of tax payers money upgrading the asset. Buy the upgraded asset back and repeat cycle.

2. Go to the government and ask for a huge amount as a grant of tax payers money to invest in your company. Spend 80% of that money on the asset and pocket 20% as dividends and fees. Repeat cycle.

3. Go to government and ask for a huge increase in tariff as an emergency measure and use Smart meters to ration demand.


Well that's the network sorted now what about the generation of electricity to pipe through the new network?