SynbiosVyse t1_ix552xu wrote
Reply to comment by Tall_olive in Eversource seeks 43% rate hike for electric customers in Mass this winter by madnu
The number of people blaming utility companies for the cost of natural resources is laughable.
defenestron t1_ix5lmlj wrote
Oh, my sweet summer child, have you forgotten how Capitalism works?
There’s been a modest increase in the cost of natural gas but it’s way down since the summer, this is about profits.
Edit: For the late stage capitalists who insult while lazily failing to cite any evidence. Less than 50% of MA energy comes from LNG, so even MA paying more than the National price for LNG does not account for these wild price increases. This is the direct result of deregulation and profit-seeking.
[deleted] t1_ix8375b wrote
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iheijoushin t1_ix85cka wrote
Eversource Energy Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Capitalism seems to be working exactly as designed.
You seem nice.
StarbeamII t1_ix8vf5j wrote
So revenues went up but profit was flat. Which means all the increased revenues went to paying increased cost (such as more expensive electricity generation due to higher LNG prices)
coldsnap123 t1_ixa6e7c wrote
Teach me how to be snarky and willfully ignorant about a topic, yet be so confident in an opinion.
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