SKIPPY_IS_REAL t1_j8kcu82 wrote on February 14, 2023 at 11:02 PM

Reply to comment by ajamuso in Eversource, UI rate increases: CT legislators vow bipartisan reform by ctmirror

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.

GrubSprings t1_j8kuhgd wrote on February 15, 2023 at 1:14 AM

We do this in Vermont already. For an example read GMP's rate plan. Basically, an earnings cap is set and any over or under earnings are shared with ratepayers. https://greenmountainpower.com/wp-content/uploads/2022/09/Multi-Year-Regulation-Plan.pdf

DicmoVolant t1_j8low5w wrote on February 15, 2023 at 5:37 AM

I lived in Vermont for five years and never had a single issue with GMP. Imagine that.