, Columnist
Elon Musk Is a Bad Role Model for a Utility Boss
Innogy's owners would like it to worry about cost. Potential acquirers might think the same.
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For utility investors, boring is beautiful. Dividends tend to be the priority, while visionary cash-consuming projects are best left to Silicon Valley.
Peter Terium's removal as chief executive of German utility Innogy SE seems to have been prompted by his breaching this golden rule. But rather than ending the unwanted drama, his departure could prompt more of it -- by putting the company in play.