Public power would stabilize and could lower the cost of electricity for everyone, as well as minimize future rate hikes. How? With a low-cost business model, right to tax-exempt financing and not-for-profit status.
Customers of public power utilities lose power less often. Outage and adverse incidents are well-managed because employees are local and know the area, and as these utilities are often smaller they can be agile and responsive. Better reinvestment improves the system, making it more reliable.
A public power utility would invest money back into Pittsburg. Community-owned utilities give back approximately 5.6% of revenue to the community – that’s around $58 billion nationwide. Every dollar of a public power utility employee’s earnings cycles through the community around five times.