Utilities are expected to make investments that are prudent and in the public interest; in return, they get to recover those costs plus a profit. All the utility investments, operating costs, and profits get pooled together and are reflected in customer utility bills. Expenditures that aren’t “prudent” and “in the public interest” (two key terms in the industry) don’t get to be recovered. But many utilities have found a way to get around guidelines and force customers to finance fossil fuel infrastructure, lobbying, and power plants that aren’t even built yet. Read more >
