Quote:
Originally Posted by Maker
Just remember "Not for Profit" does not mean they operate in the most cost efficient manner possible. Wasteful or stupid spending still gets passed to the customers. People still get paid, and excess cash is used for buying things and spending sprees.
The NFL is "Not for Profit"
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True, and the pay back of certain investments is based upon someone's financial model and assumptions about the future behavior of humans, which is always wrong, but some are wronger than others.
However, if the rates (tariffs in legal terms) are lower than DUKE and the other regulated utilities, we the members and customers are ahead of the game. . . the added advantage is that the generation plants are also co-op owned and are non profit. . .