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Maybe the utility companies can cut their marketing budgets since we have no choice but to use them anyways. Waste of money.
But don’t the marketing efforts make you feel better about your high rates?
It is preposterous! Duke Energy’s gross profit was over 19 BILLION in 2023, which was an increase of 3.59% from 2022.
Now, the energy mongrel is trying to stiff us, its customers, with the tab for their executive jets, helicopters, and dues. That is WRONG and an easy one to strike from their proposal.
But, it seems to me Duke should be sanctioned for attempting to sneak in the $92.1 million they spent cleaning up coal ash after the courts rightly denied their attempts to recover it. after having profited from it for years?
Duke Energy’s request to increase rates by 19% is laughable. Kudos to the staff at the Indiana Office of Utility Consumer Counselor! Well done. I can’t wait to learn of Duke’s rebuttal at the Aug 29th hearing and the Regulatory Commission’s ruling next year. Keep us posted, IBJ!
It’s the same scenario every time. The monopolist utility asks for a whopping rate increase — in this case 16% — knowing it will never be approved. The Utility Consumer Counselor and the Citizens Action Coalition recommend something much lower — in this case 6%.
The Utility Regulatory Commission then holds hearings and settles on a rate hike of say 9%.
The utility counters with grim pronouncements about how it will have a difficult time maintaining service levels with such a small increase. And after sending out the press release, utility executive retire to a nice steakhouse to toast the fact that 9% was all they wanted in the first place!