Ordinary Biker
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Joined: Sat Oct 21st, 2017
Posts: 469
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Reputation Points: 469
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Not a slight on my family at all. Just want to allay misconceptions is all. In the US, rate increases are regulated by the PUC in almost every location. The Public Utility Commission has to approve all rate hikes no matter what they are for. It is entirely possible that overall rates have gone up to cover the increased cost of all new business going underground. All with oversite approval mind you.
Cost of repairs to poles due to people hitting them? I'm not sure if you are serious or not. Sure it happens, but not that often. And usually it doesn't require a new pole as much as it does a new car. And yes, new builds under ground are quite a bit more expensive. Trenching costs more. The wires cost more. It's not like you can just dump the overhead lines on the ground and cover them with dirt. Takes different wire.
Nobody gets rich off of buying stock in a utility. Not sure why you think cash is just flowing out of them like a garden hose left on over night. Just to give you idea what the infrastructure costs, the city of Boulder wanted to 'nationalize' power distribution in the city. Take over the facilities, generation and distribution and run it at no profit in order to benefit their citizens. The cost to pay back for the facilities was $1billion dollars. Billion. For one small city. Fact checked and verified by both the court and the city. Needless to say the plan stalled right there...Last edited on Wed Apr 4th, 2018 04:58 pm by Ordinary Biker
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MG power
