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proser | 3 years ago

European utilities are often public utilities that are nationalized in some way, not strictly corporate businesses.

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Not sure what you're talking about, practically every major EU energy org is a corporation (traded on an exchange or even an Ltd-like private company), only sometimes there's a bit of it owned by a state... Can you give some examples of major energy organizations that are wholly-owned by a state (or at least majority-owned) or actual organizational units of a state?

Gwypaas|3 years ago

Vattenfall.

https://en.wikipedia.org/wiki/Vattenfall

Fortum, 50.x% owned by the finish state.

https://en.wikipedia.org/wiki/Fortum

Equinor, 67% Norwegian government.

https://en.wikipedia.org/wiki/Equinor

Ørsted, 50.x%. Danish state.

https://en.wikipedia.org/wiki/%C3%98rsted_(company)

EDF, 87% French state.

https://en.wikipedia.org/wiki/%C3%89lectricit%C3%A9_de_Franc...

jhoechtl|3 years ago

For good. Remember Texas electricity costs soaring?