Are you under the impression that the utility business is wildly profitable? I’d like to disabuse you of that notion. Not everything is a reinforcement of your priors.
> The biggest winners were companies with access to supplies, including leading energy trader Vitol, gas suppliers Kinder Morgan (KMI.N), Enterprise Products Partners (EPD.N) and Energy Transfer (ET.N), oil giant BP plc (BP.L), and banks Goldman Sachs (GS.N), Bank of America (BofA) (BAC.N) and Macquarie Group (MQG.AX).
https://www.reuters.com/business/energy/results-tally-up-bil...
My argument is that splitting the market up like that has been better to traders than Texas consumers.