Da 8.000 a 1.000? Razionalizzazione e governance delle società pubbliche

This article analyzes the effects of the reform introduced by the Consolidated Law of Public-owned companies (D.Lgs. 175/2016 or TUSP) in the world of Pub-lic Utilities and Local Government-owned Companies in general. The text takes its lead from an analysis of the context of the Local Government Authorities, from the 90s to this day, reporting to the events of a LGA and focuses, generally, on the characteristics of the world of Local Government-owned Companies in Italy. Then, we focus on some critical aspects of the TUSP, criticizing, on the one hand, the weakness of some issues, considered important by the Legislator. The first point is the financial losses, where their concentration in a few companies is un-derestimated. The second aspect concerns the over-penalization of in-house providing, requiring the revisiting of the disadvantaged legal framework. The third question refers to the absence of an industrial vision, which is the focusing on the enterprises growth, promoting the business combinations.