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Kolzig33189 t1_j8j390y wrote

How about also shifting responsibility for eversource to pay for their own advertisements and fines by the state and not pass that directly on to the customer?

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Jackalope0331 t1_j8kldj2 wrote

Those topics and more are included within SB-966 which was heard by the Energy and Technology Committee this afternoon.

That Legislation can be found here. SB-966

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ajamuso t1_j8jmhls wrote

How would that work exactly? I mean I agree but can you just say “you can only pay the fines with the money you already have and you aren’t allowed to change rates (which needs approval to do anyway)”?

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Kolzig33189 t1_j8jnrd7 wrote

Profit that is distributed to shareholders should come last in the hierarchy of how things are paid for. Especially for fines for bad response, rule breaking etc, that should come from their profits.

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SKIPPY_IS_REAL t1_j8kcu82 wrote

Set a profit cap, this will sound a little crazy because it is complicated, but hear me out. Brand new idea. Instead of price caps, you set a profit cap, any money not directly reinvested in expanding utilities and growth has a cap. Set max profits to 5% of the company's value, and anything over that is taxed 110%. The tax over 100% is important so the company isn't incentivized to fund the state.

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eddie964 t1_j8jp1gd wrote

The ads paid by customers are generally promoting efficiency and conservation programs that are funded through hidden taxes on your bill; Eversource is mandated to run the programs, advertise them, and notify customers about where the money comes from.

Eversource would have to pay for ads that simply promote the company using shareholder dollars.

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