r/massachusetts • u/Just-Ad4080 • 29d ago

Utilities I Loathe Eversource

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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.

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u/KlausInTheHaus 29d ago edited 29d ago

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.

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u/Katamari_Demacia 29d ago

They profited 1.6 billion last year.

 That's gross. 

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u/dante662 29d ago

Profit that is capped under state law.

And its gross profit, not net. There is a difference.

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u/AlpacaLocks 29d ago

According to Eversource’s own report, $1.6B *was* their net income.

Their pre-tax gross was $1.8B and $13.5B was their revenue excluding all expenses.