Even taking it as a given that last-mile power distribution tends towards a natural monopoly for every neighborhood, this still doesn't mean that this monopoly needs to be agglomerated across such a wide area.
This overt dereliction can only come from an entity that is "too big too fail". If this were one or two cities' local power companies, it would not be national news. Residents of those communities would be showing up at city meetings going "wtf", and could easily point at adjacent communities not doing such things as a reference.