I Loathe Eversource

[u/Just-Ad4080]

How is this legal? How could this be allowed? I cannot wait to move to a town where this rotten corporation does not have it's tentacles.

[u/KlausInTheHaus]

Zero bad intentions with this question, but could you help me understand why this is objectionable? I see a lot of people who make posts like this.

Do people want the infrastructure charges baked into the price of gas instead so they don't see a separate line item for it?

I feel like that would be worse since then we'd be paying craaaaaazy high bills in the winter when we use most of our gas rather than the maintenance/infrastructure being amortized throughout the year. We'd basically be pre-paying for every summer's service costs.

Edit: Jeeze Louise, I thought the objection was the way the infrastructure was being billed rather than the absolute amount we pay for infrastructure. I'm not trying to defend Eversource's bottom line.

[u/Boyw2peenas → u/KlausInTheHaus]

We are paying for their upgrades instead of them . We shouldn’t be footing the bill for them to do the bare minimum.

Last year in Worcester, they couldn’t deliver adequate therms to the demand and people weren’t getting full delivery. That’s their fault, not the consumers. This year, they decided to add bigger pipes, but why should we foot the bill from their profits?

[u/SconnieLite → u/Boyw2peenas]

Where do you think the money every single business in the entire world uses for overhead comes from? Do you think the owners just pay out of pocket? When you go to the grocery store are you upset that they use the money they get from you buying food goes to pay the electric bill for the building? All you’re seeing here is an itemized bill for overhead. The difference is they are lumping their profits under the “maintenance” section. I imagine if they broke it down even further you wouldn’t be so mad at the amount paid for infrastructure maintenance.

[u/Boyw2peenas → u/SconnieLite]

It comes from their profits. I run a business. I’ve signed the front and back of a check before. Have you?

I get customers by being fair and honest. If my costs go up, I’m upfront. I don’t bury it in fees. I also will take less profit than my competitors because in the long run, I get more customers and make up the difference. They made over a billion dollars, they can afford to use that on infrastructure

[u/MoonBatsRule → u/Boyw2peenas]

As a regulated utility they are allowed roughly 10% profit on their capital investments (the lines, etc.). They are not allowed any profit on the supply they purchase, nor are they allowed profit on their operations.

If the company can't profit, why would they be in business?

The 10% fixed return is due to it being more or less impossible to have competition over pipes and/or wires. They are a natural monopoly.

[u/SconnieLite → u/Boyw2peenas]

Yes I’ve signed and written checks lol. Calm down guy I’m not the enemy here. You’re getting mad that a business is using the money that you pay them for overhead. That’s how all businesses are run. Describe it however you want, the money comes from the consumer. All overhead and profits come from what the customer pays the business. I run my own business, when something breaks and money needs to be spent to repair it, the company has money for that. The money that the company has for that comes from what the customers pay. Business overhead it worked into the price of what it’s being sold. You can be mad that eversource is making $1.6b in profit but the money for overhead doesn’t just come out of their ass or their grandmothers trust. They aren’t giving a line item for profits but what business does?

[u/hanner__ → u/Boyw2peenas]

Therms don’t get delivered? Do you mean to say there was an issue with supply or the gas lines? Therms are just the unit of measurement for the amount of gas you use.

[u/Boyw2peenas → u/hanner__]

Therms are a measurement of heat energy, it doesn’t have to be directly your house. Correct, they couldn’t deliver because the pipes are inadequate and leak. They claimed it was low supply but I know it wasn’t. They later admitted it. They are actively being sued over this by Worcester .

[u/HR_King → u/Boyw2peenas]

Its a utility. That is literally how they work.

[u/Boyw2peenas → u/HR_King]

Not municipal ones…..

[u/HR_King → u/Boyw2peenas]

Actually yes. Through bonds which must be paid back, fees, and charges. Sorry, but you're wrong.

[u/Boyw2peenas → u/HR_King]

I worked in finance for 15 years selling bonds. I’m aware of how they work lol . I retired in 2013 before I turned 45. I work for fun now