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ajamuso t1_j8jmhls wrote

Reply to comment by Kolzig33189 in Eversource, UI rate increases: CT legislators vow bipartisan reform by ctmirror

How would that work exactly? I mean I agree but can you just say “you can only pay the fines with the money you already have and you aren’t allowed to change rates (which needs approval to do anyway)”?

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Kolzig33189 t1_j8jnrd7 wrote

Profit that is distributed to shareholders should come last in the hierarchy of how things are paid for. Especially for fines for bad response, rule breaking etc, that should come from their profits.

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SKIPPY_IS_REAL t1_j8kcu82 wrote

Set a profit cap, this will sound a little crazy because it is complicated, but hear me out. Brand new idea. Instead of price caps, you set a profit cap, any money not directly reinvested in expanding utilities and growth has a cap. Set max profits to 5% of the company's value, and anything over that is taxed 110%. The tax over 100% is important so the company isn't incentivized to fund the state.

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