Kodiak01 t1_j1krg9o wrote
Reply to comment by LordConnecticut in CT storm brings 100K power outages; Eversource says full restoration could take days as freeze heads to state by Toybasher
> But with the rates we pay, you'd think we could have more workers and equipment in-house at Eversource to deal with this.
No company is going to keep a ton of extra employees around for something that happens once every several years.
Given the size of the storm, this is a case where no State can send help to another because they have their own problems.
LordConnecticut t1_j1lwfuy wrote
Do you think that the only thing line workers do is work during a storm? There’s a ton of deferred maintenance across Eversource’s lines. Normally, these workers do other jobs during normal operation. Instead Eversource has no one doing those jobs.
Kodiak01 t1_j1m2gj8 wrote
Ok, so let's bring on, somehow, another 2000 workers. The median pay for a lineman at Eversource is ~$45/hr. That is $187.2M. Now this doesn't include benefits. The average employee cost for benefits is ~32% of pay. That is another $59.9M bringing us to $247.1M/yr. Now this is all assuming they work a straight 40hrs/wk, which of course they don't especially during storms. A technician, especially with storms and regular job issues, can easily top 500hrs of OT a year. OT Pay, benefits, etc. tacks on another ~$92M/yr, bringing us to $339.1M.
Now tack of equipment. How many tens or hundreds of millions to get all the trucks and other equipment needed? A single line truck can easily top $300k-400k in cost. Just to give a comparison of another vehicle with a similar amount of hydraulics, the truck that picks up your trash every week goes for $600-$800k depending on body style.
To top it all off, this isn't something they could do in just one State and ignore all the others. For New England along, for simplicity's sake you can triple all those numbers.
So... assuming you COULD find thousands of people to hire AND find all the equipment they need, how to you propose to pay for it?
LordConnecticut t1_j1mjcth wrote
Did you not read? They paid dividends worth over $800 million dollars last year. Case closed.
Also, side note since you seem unaware. Eversource in other states is separate operationally. That’s one reason why the performance of the company in say, NH, is better then in CT. They’re essentially joined at the very top, holding company level.
Kodiak01 t1_j1mmlub wrote
>Did you not read? They paid dividends worth over $800 million dollars last year. Case closed.
The dividends go to the shareholders, not the executives. Also, $800M wouldn't even begin to cover the cost of New England alone.
>Also, side note since you seem unaware. Eversource in other states is separate operationally. That’s one reason why the performance of the company in say, NH, is better then in CT. They’re essentially joined at the very top, holding company level.
The levels of your ignorance on what you are trying to talk about is astounding.
NH, MA and NH are all operated until a central umbrella at Eversource. The costs I broke out (which you ignored in hopes that others would not notice they exist, or just haven't come up with a way to refute the truth) would exceed the dividends paid out in New England alone; the number you listed was for the company as a whole. Unless you want to pay licensed electricians the same as burger flippers, the math will never add up without massive price increases.
LordConnecticut t1_j1n1wd4 wrote
I never said dividends went to executives lmao. With your calculations, it would.
Do you think the dividend (i.e. money basically given away) is the total sum of their cash on hand? Not to mention the several executives making over $40 million a year?
anon122022 t1_j1mzbik wrote
You seriously have no idea what you’re talking about. 99% of what you’ve said on this thread is factually incorrect.
LordConnecticut t1_j1n1nkp wrote
Are you incapable of math? 348 million shares at $2.55 annual payout per share:
$887 million dollars.
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