this post was submitted on 28 Jul 2024
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Explain Like I'm Five
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Regulated private monopolies
Pdf warning - https://pubs.naruc.org/pub/B284311B-1866-DAAC-99FB-C52B7A570087&ved=2ahUKEwiH0cXQ1smHAxWbFVkFHWNYCfYQFnoECBsQAQ&usg=AOvVaw3ltturEUjTeQH3DZ_o8UOg
Sorry not very ELI5 I'm seeing now
More simply private companies own the transmission and generator sections and are regulated to standard rates set by local governments
chat gpt read your pdf and produced this:
Alright, here is a very simplified summary of the document for a five-year-old:
Imagine you have a toy box that only you can use, and you get to decide what toys everyone can play with. This is like how some companies control the electricity that comes to our homes. They are the only ones allowed to do it, and they make sure it's fair and everyone gets what they need. Sometimes, special people called regulators help these companies to make good decisions so that everyone has electricity at a good price and new ideas can still be used.
How'd you get ChatGPT to read the file?
on mobile I shared the link and it said if you upload the pdf I can summarize it, so I downloaded the pdf and attached it