6. Utility companies like this are very heavily regulated...
compared to other businesses. They should be, given how they are monopolies (monopolies + no regulation = health insurance comapanies... disaster). Most wall street types slam/ignore utility company stock because of said regulation (hence why utilities offer such high dividends to attract value investors).
There is no way to know for sure if its the utilities fault, or the regulators fault, for taking so long to upgrade those pipelines... 50/50 either way (sometimes the regulators will hold up upgrades or new lines... either gasline or transmission line; sometimes utilities will put it off).
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