BeerPizzaGaming OP t1_j63vypk wrote
Reply to comment by [deleted] in EVERSOURCE NEEDS TO ISSUE REFUNDS. Nat gas trading @ $2.83 Henry Hub which is down about 70% since August peak. by BeerPizzaGaming
Poster claimed Eversource does not make anything on delivery. When it comes to deregulating utilities, the whole idea was by having competition on the generation/ supply side overall costs would be driven down. In short this means Eversource cannot markup on the supply/ generation side when they are not the supplier/ generator. As such the ONLY profit they could make would come from delivery.
So maybe you should understand that youre actually the dumbass.
[deleted] t1_j63x39c wrote
Eversource has a guarunteed return on equity which is determined by pura. their pricing fluctuates to reflect that. If their net income goes down one period and their ROE falls below their target threshold they make it up the next period. Same in the inverse situation. Also, dont be such a troll and pick fights with everybody who is respponding to your post with information you are not accounting for.
ctrealestateatty t1_j66nyp7 wrote
He reversed supply and delivery. You’re jumping on that (which he has since corrected) but your response has nothing to do with the actual issue at hand, supply. ES does not profit on supply. Other companies might, but they don’t.
BeerPizzaGaming OP t1_j67v2yz wrote
So you are saying because that poster has now corrected their statement after I pointed out their error that somehow they are now in the right? and my response to their original response is now somehow wrong? LOL
You should work for Eversource or the government... if you dont already......hmmmm..... quickly looking at your post history you seem to be very active when it comes to any comments/ statements that are concerning Eversource and utilities....anyway
Regardless of the above, it still does not change the fact that Eversource is;
-an oligopoly,
-has multiple subsidiaries of which many do profit off of supply rate increases,
-continue to raise their own rates and profits grow in excess of the rate of inflation
-CT has the highest utility rates in the continental US.
ctrealestateatty t1_j685hpk wrote
CT has the 4th highest rates in the continental US. The first figure is size of bill, not rate. And all the other high priced places are right here with us. It’s a regional issue, regardless of provider.
Name the subsidiaries you’re talking about.
I never said your response re him mixing it up was wrong. But it was irrelevant to the actual issue. The response to that was simply “you mean supply not delivery”, in effect, but then you never went on to get to the point, you just kept hammering at the mistake.
BeerPizzaGaming OP t1_j690kol wrote
Not sure what data you are pulling from but CT has the highest utility costs in the continental US. If you decide to say US as a whole then I believe w are second only behind Hawaii, maybe 3rd but absolutely not 4th.
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