"A big corporation cannot possibly know what the local community needs. And with profit as the aim, those needs are the first to be sacrificed" - Roxanne Swentzel, Indigenous Artist and Activist
BENEFITS OF PUBLIC POWER
Investor Owned Utilities export profits to Wall Street. Public ownership allows those profits to stay in the community, providing jobs, supporting local governments and reducing rates.
Public Power entities drive innovation. Lower rates, efficiency, maximizing customer service and safety initiatives- all of these are antithetical to the profit incentive that drives IOU's.
On average public power customers pay 11% less than the customers of investor owned utilities. Community owned utilities waste less on executive compensation and dividends.
Customers of a public power utility are likely to be without power for less time - 62 minutes a year, compared to 150 minutes a year for customers of private utilities.
Publicly owned power allows local values to inform utility decisions. Reliability, affordability and a rapid transition to 100% renewable energy can take priority over shareholder profits.
Realizing the Potential of New Mexico's Wind and Sun