3 ms·
Only morons accuse NJ/NY utilities of price gouging. Both states heavily regulate their utilities. Utilities may get large rate increases approved, but it's aft
by delfinom 1y ago
Only morons accuse NJ/NY utilities of price gouging. Both states heavily regulate their utilities. Utilities may get large rate increases approved, but it's after they submit substantial evidence of their finances for the next year. The profit margins are basically state controlled.
- ethbr1 1y agoRegulatory control of margins just incentivizes companies to find loopholes. Look at all the bullshit that passes for business as usual with Florida utilities -- political campaign donations, self-dealing, constructed overbilling by related subsidiaries, etc.