Quote:
Originally Posted by tophcfa
And the disaster funds are funded by ratepayers.
|
Some states allow rate payments ahead of time called storm funds, other states required post storm re-imbursement. MA is a post storm reimbursement state, NY is a prepayment state.
Both are funded by rate payers, but there is a huge cash flow imbalance between NY and MA. . .
And who pays when storm is predicted to be large, and nothing happens, and the utility has prepositioned contractors in place at a cost in the millions? I have been in the storm room for that as well. The utility does. . in the future rate request increases in base rates.
Articles seldom discuss the differences between states' regulator, who controls the utilities rate's to local customers. And I read on a twitter finance post by someone involved in the debt restructuring that one of our subsidiaries went bankrupt in late 1999. Asked one of the lifers here, fact check true, and the regulatory required the utility with the lowest cost of generation due to hydro, to also purchase solar generation at multiples higher, but not pass on costs to the customers. .
There are finance stories everywhere. .