lol no. BC Hydro is profitable and is not subsidized by taxes, usually turning a profit for the province. it did this for decades until the previous government decided to privatize power production and surprise surprise that saddled the crown corp with a ton of extra costs where if it had built out the capacity itself and not funnelled money to private companies who were doners.

in canada every province with private electricity company is being reamed with high energy prices. every province with a government run power company is not. the same seems to apply in the EU/UK.

nationalized companies run from amazing too crap but every time infrastructure or natural monopolies is privatized the consumer/citizen looses out. EVERY TIME. from parking in Chicago to PG&E in cali to the 409 in ontario - privatization never works out and to prevent abuse regulation is always imposed.

turns out when you grant a for profit company a monoply they take advantage. every time without fail.

so we have on one hand nationalized companies ranging from bad to great for society to private companies always being bad doing everything possible to extract money.