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A storied century-old business originally called Texas Power & Light, TXU was one of the most profitable utilities in the country.
Profitable utilities like Florida Power and Light and FirstEnergy and telecommunications giant AT&T are also exploiting the economic crisis, leveraging for major cuts in health care benefits.
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"Before the leveraged buyout, this was a highly profitable utility," said James Hempstead, an analyst with Moody's Investors Service.
A previous President might have said that a highly profitable utility benefits ratepayers through trickle-down economics.
The health insurance industry remains bought-in, literally and figuratively, to Obamacare because the prospect of becoming the equivalent of guaranteed-profitable utilities is worth the headaches of government incompetence.
Mr Cummings sees BATS as a "semi-profitable utility"—what NASDAQ and the NYSE were before they "got greedy" and went public.
The same was true of Vivendi, a dull but profitable French utilities group that floundered after a reckless bout of expansion and diversification, notably into American media.
Most countries (and in America, regions) were energy islands, with little interconnection to other systems.That model, though simple and profitable for utilities and generators, was costly for consumers (and sometimes taxpayers).
Large, steady consumption is profitable for utilities because it allows them to plan their own power purchases in advance and market their services at night, when demand by other customers plummets.
A former green activist, Arsenis wrote that he was vehemently opposed to the privatization program ordered by the country's troika of creditors at the EU, ECB and IMF and sale of "profitable" public utilities and sate-owned land which Pasok has endorsed as a partner in prime minister Antonis Samaras' tri-partite coalition.
Across the Detroit area and in Washington, people were trying today to interpret Ford's acknowledgment that it faced an awkward situation in balancing sales of highly profitable sport utilities with the company's desire to be a good corporate citizen.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com