When the energy companies fail you just take all of their existing customers into the new nationalised 'UK Power Co'
Same question as above - what does that achieve? You haven't returned any useful infrastructure to public hands. Now it's the government on the receiving end of a million phone calls and bearing the bad debt risk if "Don't Pay UK" takes off.
@NickCJ started
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When the energy companies fail you just take all of their existing customers into the new nationalised 'UK Power Co'