Meters! Anybody remember Westinghouse? A good man and a great company until the MBAs got their hands on it.
I was hired by Westinghouse in Raleigh NC, 1981. (Thatç—´ where Barney goes to party). The Meter Div. they hired a bunch of young engineers to develop remote reading/load control.
I don稚 remember the details but, I believe we sold our old fashioned electro mechanical meters, in volume, for about $30-$40 a piec, probably less.
I move to Oregon about 2005, buy a little farmette, 7 acres in the woods. 5 buildings, 2 different meters. The meter on the cow barn was at least 30 years old? It said Westinghouse on it. Westinghouse has been out of business for years!
Hereç—´ the good part. Our electric coop had the 2nd highest rates in the country. They also had the dubious honor of being Enronç—´ first acquisition. Worse than all that, they rent you the meter for about $15/month.
So, that meter being about 360 months old, rented out at $15 a month brought them appx. $5500.00 for a meter that cost them $30.
Not bad, like your cable box.
It don稚 really matter, call it what you will, they are a govt. protected monopoly. They gonna get their money one way of the other, call it what you will.
Hard to think of competing power companies, how would that work, impossible. Too expensive, way too complicated, who owns the wires and poles etc etc. Thatç—´ what Western Electric said about their phone monopoly, remember them?
Now, Remember when you paid for long distance? Who Remembers party lines? That cord, a wire coming out of the wall? You had 1 choice and only 1 choice and, who rented you a phone. Remember dial up?
Monopolies!