### Comment:
That doesn't matter, what matters is if they are cash flow positive

### REPLY:
Utilities are never cashflow positive.  Everything dollar they make needs to be approved by the puc, usually to pay back money they spent in the previous cycle from funds raised in the market.   
  
 It's a misconception that utilities make unlimited profit.  They're usually capped at 5% I think pge is only 2% most of that money in rates are going to investing in new capital or maintenance

### END.