There's a comment in the thread suggesting something I'd never thought of before, but which sounds like a great idea, although I'm not too good with economic thinking:
"Generation and transmission need to be separated. Generation can be a perfectly competitive market and is naturally suited to private business. Transmission is inherently a monopoly and should be publicly owned. Combining the two in one for-profit company is asking for trouble."
"Generation and transmission need to be separated. Generation can be a perfectly competitive market and is naturally suited to private business. Transmission is inherently a monopoly and should be publicly owned. Combining the two in one for-profit company is asking for trouble."