Quote:
Originally Posted by CoachKandSportsguy
ALL Utility companies are guarantied about a fixed return on ASSETS by federal statute.
If the utility company adds assets to benefit the customer, as required by the regulator, the rates will go up.
...
Progress and population expansion is not free, never has been never will be.
We are living in a developing area, unlike the old parts of the country, where there is no land left.
now enough with the rate increase hysterics. . .
|
SECO is not a regulated utility (
2nd paragraph)
There is no development occurring in CDD5, CDD7, or CDD10. Costs for maintenance and improvement make sense, 600% increases do not.
When Xfinity replaces your modem and increases your $50 internet over $300 you will want to know why and I am willing to be that "supply chain issues" will not be an acceptable answer.
It is not unreasonable to ask how such a large increase was necessary and to demand that the answer be backed up by numbers. Hopefully, our CDD supervisors were provided that information in the closed-door meeting. I am looking forward to that information being published or discussed in an upcoming CDD meeting.