At a cost of $8 billion, that would have amounted to the largest public takeover of a private corporation in history.
A public takeover would mean a bigger rate increase.
For instance, the Lilco situation: I think the way to bring down the rates most quickly with the best guarantee is a public takeover.
In 1966 the local bus company, San Diego Transit, was facing a financial crisis and public takeover.
Officials in Nassau are considering a public takeover of the utility.
Right now it needs the public takeover of banks to fill the lending gap.
Under state law, a public takeover would erase that liability.
Will the rates be comparable to those projected for a public takeover of the utility?
The chief savings would come from the public takeover of Lilco's transmission system.
Under state law, a public takeover would erase those liabilities.