General Discussion
In reply to the discussion: Solar panels could destroy U.S. utilities, according to U.S. utilities [View all]AndyA
(16,993 posts)...nope.
Their CEOs make millions every year. The reason the utilities can afford to pay such huge salaries is because they pass the costs along to customers. No one is worth that much money, no one.
The utilities have had decades to improve their infrastructure, but they say they can't because they're trying to keep costs to customers low. Of course, no problem passing along the costs of executive salaries to customers.
In my experience, state or local agencies that approve rate increases seem to be in the pocket of the utilities they regulate. Where I live now, there is a request from an electric utility to raise rates by 45 percent by 2016. There is also no competition, so if you want electricity you buy it from this one company.
Cut executive salaries, and stop spending hundreds of thousands on ads telling us how wonderful you are. Pass the savings along to customers. Then--and only then--should a case for increases by made.