Which type of power company allows anyone to buy stock?

Investor Owned Utilities (IOUs) are the type of power companies that allow anyone to buy stock. These utilities are privately owned and are typically funded through public investment. This structure enables them to raise capital by selling shares to investors, which is a defining characteristic of IOUs. The goal of these companies is often to generate profit for their shareholders, which is achieved by providing electricity to consumers.

In contrast, Rural Electric Cooperatives and Municipalities are typically non-profit entities. Rural Electric Cooperatives are owned by the members they serve, and any surplus they generate is returned to members in the form of rebates or reduced rates. Municipalities are government-owned and focused on providing services to the community without the profit motive that comes with stock sales.

Public Utility Districts are also typically publicly owned and managed and focus on providing utility services without offering stock options to the public. They operate to serve the interests of their communities rather than to generate profit for shareholders.

Overall, the ability for anyone to buy stock is a key feature of Investor Owned Utilities, distinguishing them from other types of power companies.