Paul, The model is right across the river at SUB.  EWEB is a public utility not a corporation.  From what I have read, EWEB is in a deep hole.  They are going to have to sell assets (already started) and probably lay-off more folks and reorganize.  One option is for the city of Eugene to sell EWEB to a private utility corporation.  Many, many, many municipalities have done it.  Personally, I think all the county public utilities should look into merging into a LWEB, Lane County Water and Electric Board and continue what the fire departments of Eugene and Springfield did.