Louisiana Utility Companies Are Screwing Over Their Customers - And Unfortunately They Are Okay About It
I was really struck by the first couple of paragraphs in this article by Bruce Mikells for KPEL. Though the purpose of article was to expose the exorbitant pay raises the CEO's at Entergy just received it was the author's blaze feelings about the company passing on billions of dollars of storm damage repairs on their customers that really got me.
Mikells states:
...That company took a huge hit during the hurricanes of 2020 and 2021. They did suffer billions of dollars in damages and it's only fair that we, the people of Louisiana help shoulder some of the responsibility.
Let's be clear costs to restore power service after a major storm usually falls on the consumer. In this case, it is estimated that Entergy will be passing along some $4.5 billion dollars damage costs that we will be paying over a period of several years. Most of us in Louisiana understand this and don't mind it.
Whoa, hold your horses there cowboy. We certainly do mind when our power company passes on extra costs on us every time there is a storm. This is Louisiana and there are a handful of damaging storms here every year. If we are going to be on the hook for repairs every time one occurs our energy bills will soar into orbit.
They have already risen to the levels I used to pay in California and everyone I know here in Louisiana is struggling to pay them.
FYI, the electric company already passes on their fuel costs to their customers. That is something that didn't happen in any other place I have ever lived.
Have the power companies here in Louisiana been screwing over their customers for so long that they simply bend over and take it?
I think we need to put a stop to this!
Here is the rest of Bruce Mikells' article:
Read - https://kpel965.com/louisiana-psc-questions-entergy-ceos-one-million-dollar-raise
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