POWER COMPANIES, because they are necessary monopolies,are regulated by the PUBLIC SERVICE COMMISSION and cannot charge more that the PSC allows.
Years ago, in a certain state, the electric lines were in poor shape. Electricity was “iffy” as maintainance was not done to keep service up.
The reason was some members of the PSC were elected on the promise to keep rates low. The only way the PSC could do that was to deny the electric companies any rate increases for line upkeep, so the lines were in bad shape.
When those members of the PSC finally retired, new members allowed a rate increase and the lines got the maintainance they needed.
Everyone seems to think that utilities are a “right”. No, you pay for them.
Our electric rates are the highest in Arkansas. Yet, when there is an ice storm, we lose less electricity because our higher rates keep the lines in good shape.
We were without power for three days, several years ago, when many other areas on other company power lines were out for THREE WEEKS.
>>Years ago, in a certain state, the electric lines were in poor shape.<<
Why the reluctance to name the state?