Just like the damn oil companies and their windfall profits!!

Yes. Last year he got paid around $14MM, and they have 4.4 M customers.

$14,000,000 yearly salary / 4,400,000 customers = $3.18 per customer per year. $3.18 / 12 months = $0.265 per customer per month.

He doesn't get paid separately for electric, gas and water customers in 3 states. It's his total salary to run the 358th largest company in the country.

Let's not pretend linemen own the controlling stake in the company, please.

Salute in Hartford is the best for affordable, chic Italian

I’ve heard that the KKK had a March in Manchester and they nick named it Klanchester 🤷🏻‍♀️

Im a shareholder that builds and maintains the grid 🤷🏻‍♂️

I’m not. I’m just calling out the bullshit people have been brainwashed into thinking is acceptable and ok.

Regulations just get politicized and called red tape in 20 years to a new demo with promises of things getting better if only we can cut that red tape. Then once it's cut it's harder to get back. It should be nationalized and that should be the end of it. Good luck convincing people later that "No I should be able to own that and charge more and make money off something you all need to live." We would look at them like Nestle CEO trying to privatize fresh water in it's entirety.

I know.

My point is that the laborers built the infrastructure, not the shareholders.

[deleted]

The electrical grid was built way before I was born. Majority of people alive today grew up with electricity being a necessity to survive.

>You don't want your power company struggling to pay their bills

Oof, someone believes in the tooth fairy of corporate benevolence a little too much.

Much better that the consumer struggles to pay their bill to support the shareholders and feather the nests of the board of directors, right?

Christ.

Black eyed Sally’s in Hartford

Wonder how much of our utility bills have gone into lobbying both parties.

*We built for them.

You must be new here.

>there need to be regulations in place that cap the profits these companies can make

There is. There are. Ever notice that their net profits are almost exactly 12% of revenue every single year? Companies that are raking it in are above 20%, and struggling companies are around 5%. They're a nice, happy medium. You don't want your power company struggling to pay their bills, it's how people get killed like with PG&E or Columbia Gas.

Revenue is almost exclusively tied to usage (they have some investments that are outside rates). When you use more, they make more. What direction are all consumer goods going? Electric cars instead of gas, electric lawnmowers instead of gas, electric heat pumps instead of propane or oil, the entire economy is becoming electrified. What did you think was going to happen?

[deleted]

Wtf is going on. Why is this ok?

It’s not a bug it’s a feature

Yeah, power delivery is a natural monopoly. There is no competition. Should be state run

Pretty easy to do when there is no competition and you can just jack the price up.

Everyone, please take several seats, calm down and show some respect for Eversource. it's only fair to recognize what Eversource has achieved. In like, the last two months no less.

1. On Jan 10th 2023, Eversource Again Nationally Recognized among America’s “Most JUST” Companies by JUST Capital and CNBC - This is a little-known, hardly publicized honor that Eversource has received for 4 YEARS IN A ROW!

• But wait, there's more

1. JAN 31st 2023 - Eversource Recognized Again for Commitment to Gender Equality

• and in a double whammy to cement the workplace equality streak of honor

1. JAN 10th 2023 - Eversource Recognized for Ongoing Commitment to Racial Justice and Workplace Equity -

• Workplace Equality people! CEO deserves his compensation to double, just the same way everyone on payroll at Eversource saw their compensation double - no doubt.

1. And last but certainly not least --- ON DEC 7th 2022 - you know what's coming! Eversource Again Ranks as the #1 Utility for Corporate Responsibility by Newsweek

I have no problem paying my parents Eversource Bill, in fact, I actually look forward to it. So again show some respect. In fact, let's start a GoFundMe for the executives, C-suite, and board members for their achievements.

Okay guys, gotta go turn off the lights/get my lamps and candles going before peak usage!

<3 and Kisses,

- The PR girls at Eversource

MBA student. He's doing exactly what he's paid to do.

Their earnings per share last year was $2.55. Start buying shares and you can pay your electric bill with their money if it makes you feel better.

He’s making $ 0.25 off of every Eversource customer?! You did the math on this?