utility

Middle- and working-class households tend to spend a bigger share of their income on food and utilities than their wealthier counterparts, meaning these price increases hit them harder.

This project won’t suffer the same fate, according to Santee Cooper, the publicly owned utility that led the bidding process.

More deals could come in the form of mergers or purchase offers from larger utilities because of the potential synergies.

"They can pay a small extra fee and get certified copies to send to multiple banks or utility companies to reinvent themselves."

This means utility providers must build new power plants, which they monetize by agreeing with their states to earn a certain rate of return on.