Typical utility company margin is ~10%, so $60M profit for the buyer, it will take 58.3 years before they break even, or 1.7% return on their capital.
This just seems like a really bad deal for whoever buys it.
This just seems like a really bad deal for whoever buys it.
Regarding your 10% assumption: In June 2014, the Adelaide Advertiser reported that SA Power Networks made after-tax profits of $420 a year from each customer compared with $92 for another Li Ka-shing-owned utility in Britain. I don't believe the average customer paid $4,200 for energy in 2014, so their profit margin must be much higher than 10%.