Problem 3. Textbook Chapter 13, problem 3. Delta Electric Service is an electrical-utility company serving parts of several states. It is considering replacing some of its equipment at generating substations and is trying to decide whether it should replace an older, existing PCB transformer. (PCB is a toxic chemical known formally as polychlorinated biphenyl.) Although the PCB generator meets all current regulations, if an incident such as a fire were to occur, and PCB contamination caused harm either to neighboring businesses or farms, or to the enviromnent, the company would be liable for damages. Recent coin't cases have shown that simply meeting regulations does not relieve a utility of liability if an incident causes harm to others. In addition, coints have been awarding very large damages to individuals and businesses harmed by incidents involving hazardous material