Rates have gone up enormously because the cost of wildfires is falling on ratepayers, not the utility owners.
Regulated monopolies are pretty great, aren’t they? Heads I win, tales you lose.
Rates have gone up enormously because the cost of wildfires is falling on ratepayers, not the utility owners.
Regulated monopolies are pretty great, aren’t they? Heads I win, tales you lose.
That said, I'm of the opinion that power/water/internet should all be state/county/city ran. I don't want my utilities companies to have profit motives.
My water company just got bought up by a huge water company conglomerate and, you guessed it, immediate rate increases.
If your local regulators approved the merger and higher rates, your complaint is with them as much as the utility company.
Not saying that some regulators are not basically rubber stamps or even corrupt.
I did (as did others), in fact, write in comments and complaints about the rate increases and buyout. That went unheard.
https://core.coop/my-cooperative/rates-and-regulations/rate-...