Utilities used deregulation to effect a series of mergers limiting competition. In order to accelerate profits, cost cutting ensued, involving the layoff of thousands of utility company employees, including some who were responsible for maintenance of generation, transmission, and distribution systems. A number of investor-owned utilities stopped investing in the maintenance and repair of their own equipment, and, instead, cut costs to enhance the value of their stock rather than spending money to enhance the value of their service.
Dennis KucinichThe energy of the stars becomes us. We become the energy of the stars. Stardust and spirit unite and we begin: one with the universe, whole and holy. From one source, endless creative energy, bursting forth, kinetic, elemental; we, the earth, air, water and fire-source of nearly fifteen billion years of cosmic spiraling.
Dennis KucinichI think we're in a new era where the advancing tide is towards human unity, where people all around the world want to come together. The United States is in a position where it can lead the way towards that and it can do it in practical ways by affirming the power of the United Nations so that the international process makes decisions on international security.
Dennis Kucinich