The issue, in short, is what should become of government-owned utilities in an era when free markets are all the rage.
The government-owned utilities, mostly in Washington and Oregon, then refused to make payments on the bonds.
Hydro-Québec is a government-owned public utility established in 1944 by the Government of Quebec.
SaskPower, the government-owned public utility is the main power generator in the province.
His group represents government-owned utilities serving about 15 percent of the nation.
The law allows the sale of the government-owned utility, with the proceeds to be used to create two $1 billion trust funds.
On September 25, 1968, the government-owned utility organized a ceremony to mark the completion of the Manicouagan-5 dam.
He also points out that a government-owned utility would not owe any Federal tax and would not have to pay dividends to shareholders.
Although hydropower is green energy, the co-op will not do business with Hydro-Quebec, the large government-owned utility in Canada, which has been criticized by environmentalists.
The company is a government-owned utility with annual revenues of about $2 billion (Canadian).