“Rate base” and “profit” are not the same.

How much if your bill at home represents profit?

If that’s at home you’re using too much electricity

Put it up for sale and see if it goes for 2.7

Nope

I’ve seen a lot of posts where people think they’re just going to buy the assets and skip. Absurd.

About $4,600 (they only have 650,000 customers).

So that would be just under 400 in profit per month per customer. That’s after all salaries, materials, trucks, fuel, storm costs, etc.

The $3B number for Maine is nonsense.

Should just change the sub to r/CMP at this point.

Deregulation in the utility industry means that supply can be bid competitively, separate from delivery. I’m currently saving $.09/ kWh this way.

How is this bad?

Which part of deregulation has hurt you here?

Yeah fuck em to hell, how dare they try… to help others and provide a safe space for immigrants

But in your scenario, you are comparing it to a plane, and stating that buying a plane ticket is cheaper than buying a plane. Well, yes, but that's because the airline makes money selling many plane tickets (and service fees and add ons) to many individuals.

Maine power consumers are on the hook for the entire cost to generate and distribute the power, whether it is done privately or publicly. CMP aren't doing it for charity, any cost they incur, they are recouping through rate hikes and then some.

So would you rather pay for the entire plane, plus maintenance, plus fuel, plus pilots and air traffic controllers, plus any other cost of owning and operating the plane, plus A BUTT LOAD OF PROFIT for the people who own the plane, or would you rather own the plane yourself?

This isn’t as good of a metaphor as you seem to think it is.

The current owners are “flying the plane” either. They’ve hired people for that.

He’s also wearing NCEC brand on sweatshirt. Edit: NECEC

LOL. how many of these people even hold a passport, let alone been to Ireland (to meet family members who don't even know who they are)?

They are getting 600$ a month from me

Shocker

Took Trumps money and his signature move.

I feel you. But they moved me to Maine from out of state , then canceled my contract 2 weeks later because they realized they were over budgel. So it's hard for me to sympathize for them. They just seem way too focused on profit over people's livelihood, even outside of my situation, from what I've been told by locals.

Please enlighten me on why I should agree that this is a mess and why I should follow your corporate boot licker ideas?

Had Persky as a sub teacher back in high school.

The dude does not know how to shut up.

Kind of a dumb question. Think of CMP like a Boeing 747.

>Would you rather rent the plane, or own the plane?

Well either way, I don’t know how to fly the plane. So in one case I rent it and someone else flys it. In the other case, I have to buy it, make payments on it, and still have to hire someone else to fly it for me.

Regardless of whichever numbers are correct, no one seems to be taking commercial, industrial, and other non-residential ratepayers into account in their comments. It's not just households.

Unfortunately, I haven't found a good as blocker for watching on my Xbox (our source of "TV") or on my phone.

Would you rather rent something that you need, or own something that you need?

You don’t need a valid inspection. Registered my vehicle on Friday and didn’t need that proof.