Our elected politicians pass a law that allows the utility to legally misappropriate the ratepayers’ money. The Public Service Commission, put in place by those same elected politicians, doesn’t understand the concept of “no.” I thought they were supposed to look out for the ratepayers.
The biggest culprits are the highly compensated (by the ratepayers) utility leaders who mismanaged a project so badly that the cost doubled. All that effort for electric generation that they did not even need. Lastly, the dagger to the heart of their customers: They are keeping the money and may have to raise rates in the future to recover the money they spent.
What drove this disaster? Lack of knowledge? Greed?
A look at the salaries and bonuses of the top managers in the utility for the years this project was being developed would show one of the major reasons this project progressed.
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Politicians want to fix this? Open the electric market in the state. We will never see this again, and electric rates will fall.