Recent comments in /f/Connecticut

BeerPizzaGaming OP t1_j63vypk wrote

Poster claimed Eversource does not make anything on delivery. When it comes to deregulating utilities, the whole idea was by having competition on the generation/ supply side overall costs would be driven down. In short this means Eversource cannot markup on the supply/ generation side when they are not the supplier/ generator. As such the ONLY profit they could make would come from delivery.
So maybe you should understand that youre actually the dumbass.

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AhbabaOooMaoMao t1_j63vrn8 wrote

>I am educated. And had to correct the usage of delivery in my post. > >They do not profit on supply at all. Period. Nothing you can say "educate yourself" will change that. It is a fact.

At the end of the line, bud, it's the same richers that own the big chunks of shares of deliverers and suppliers. Integrated investing.

The solution to our Eversource problem js not fossil fuels. It is antitrust law and insider trading laws, both federal matters.

Anything else is just bandaids.

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AhbabaOooMaoMao t1_j63vbbk wrote

I would think that if the officers or directors of Eversource moved the company to issue refunds to rate payers instead of dividends to shareholders, the shareholders would sue said officers or directors for breach of fiduciary duty.

This is the desolation of capitalism, one fat cat ends up with everything in the end, everyone else has starved or fled.

It requires a duty to owners, not to customers. What good is owning a store if there are no customers that can afford to shop there?

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BeerPizzaGaming OP t1_j63uxnd wrote

From your first response;

>Eversource does not make any profit off of delivery.

If you were educated and knew what you were talking about you would know that since generation and delivery were decoupled Eversource cannot mark up generation services they do not perform and ALL of their profit would come from delivery.
Eversource, however, has many subsidiaries which are involved in various aspects of natural gas supply, electricity generation and market pricing in addition to delivery of power and gas etc..
In the mid 2010's there was huge backlash when it was revealed that Eversource was still generating and selling power and at a substantial markup through some of their subsidiaries whom owned power plants. This forced Eversource to auction and sell off those plants (2018 I think but I do not recall exactly).
The whole industry, however, is like the cable industry, it is a protected oligopoly.
Do some research.

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BoatAccidentSurvivor t1_j63uoq4 wrote

Ok. So the solution is high salaries for those who are used to stretching a dollar? They would never make any decisions to personally enrich themselves at the expense of their constituents.

Anyway, I think you can see that there isn’t a solution. We have pitifully few examples of people in government serving because it’s their civic duty. It just gets overlooked because people are on teams and they want their political team to win.

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yudkib t1_j63u87j wrote

There are a lot of articles saying on aggregate income level / job availability / housing prices that Hartford and New Haven are two of the best cities in the entire country for affordability. Predicting another 5-10% increase for 2023. In my opinion, it’s very unlikely housing prices will see a significant retreat up here until build costs go down and interest rates lower. Right now retirees aren’t moving south because they can’t get a bigger house for less money or a lower monthly with a higher fixed income. One or two of those might be true right now, but in 2019 it was all 4. Until people start leaving, limited inventory and historically “high” prices are here to stay.

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SKIPPY_IS_REAL t1_j63u76m wrote

Most people I know trying to leave are in their 30's and 40's and realize that even a 15% pay cut means more buying power most other places. I am a turbine generator tester, we have lost about 30% of our workforce for this reason. I am also looking to leave the state sometime this year, but I'm not taking a pay cut, found a bigger house and my budgeted cost of living between food, electricity, insurance and taxes will be about 40% less in Charleston.

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Badgercakes7 t1_j63u19s wrote

Wow. That’s a lot to unpack there. First of all I said “not independently wealthy enough to take off work for several years” and you heard “poor people”. Second of all, the assumption that poor people are inherently less intelligent or capable than more wealthy people is simply not correct. Lastly, we’re not talking about running any business, we’re talking about running a government and those are not the same. Hell, if we’re talking about basic finances I’d rather trust someone that can stretch a small amount of money further (one of the dirty poors) than someone used to just throwing money at a problem to solve it

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