Posted on 08/26/2023 7:57:06 AM PDT by 4Runner
Energy charge: All the costs, other than fuel, involved in producing and distributing electricity. Fuel charge: This includes the actual cost of fuel used to produce electricity. The company's two largest fuel sources are natural gas and coal.
Then they say they are passing the fuel costs on to the consumer without making a profit on them. Only in Florida could a statement like that to consumers of the product you manufacture not be construed as patronizing, condescending, and blatantly dishonest.
Why would you need to make a profit on your fuel expenses when the consumer is paying the entire fuel expense for you?
When are these utilities going to add a surcharge to Florida electric bills for the salaries and bonuses paid to their executives?
That's an expense of doing business too, isn't it?
Then they say the fuel surcharge for 2023 is to "recoup" fuel expenses that were not recovered for 2022. What the hell does that mean? People not paying their bills?
How about leasing expenses for the fancy building in downtown Tampa where all the TECO executives work? Shouldn't the consumers be paying for that one also?
Florida Public Service Commission--when you file a complaint with them for an outrageous electric bill increase three months in a row, they tell you go back to Tampa Electric and work it out with them.
Your Florida property taxes at work.
Florida. The stupid state.
And you all want DeSantis in the White House?
Trump did more to rein in the EPA than any other President, ever.
It never ceases to amaze, how many classless, clueless, adolescents have more money than they know what to do with.
DeSantis? Hah hah. Where is you Florida Governor? The people under him are being the Governor. Ron is busy botching up his already failed campaign.
Grow the F** up. Rate increases are approved by legislature. Take your whinging to them.
Unless the utility is state owned it has a right to profit. How they tie that profit to revenue streams(e.g., 1% there, 1.2% over there, etc) is irrelevant. How much total profit they get is approved by legislature.
For complicated reasons, Florida's Public Service Commission has tended to be politically accommodating to investor owned utilities. State law otherwise gives Florida's municipally owned utilities an even freer hand. This tends to assure service but, at times, with inadequate scrutiny of costs charged against consumers. The new way of describing those costs is not a problem though so long as those costs are kept in line.
Notably, in order to harden the state against hurricane damage, Florida is now pushing electric and cable utilities to bury many of their local transmission lines. This is an expensive but popular undertaking and provides a rough measure that service charges by the state's utilities are considered bearable.
Who else would pay for that and how would they pay it? Part of being a regulated utility and being required to follow a lot of government regulations no other industry has is being guaranteed a certain rate of return. Even with deregulation, those concepts are still generally present.
Historically, utilities have usually had a lower rate of return than private, unregulated companies in other businesses. But they are often called the preferred stocks for “widows and orphans.” Why why is that? Because though the rate of return is fairly low, it is virtually guaranteed to be there. Now with deregulation or partial deregulation in some states, utilities have competition. But they still have to make enough money to operate and pay dividends.
“Economics is only hard for Leftists and Journalists.”
Apparently there are quite a number of FReepers that are leftists and journalists. :^)
After the awesome response I saw by FPL after Hurricane Ian I have no complaints about my electrical service nor it’s cost.
You got it!
Duke is building expensive BS solar panel farms.
I don’t recall us rate-payers getting asked to vote for this sort of expensive boondoggle.
Hey, newbie from CaCaLand, ESAD.
Seems to me the child in this room is YOU. You haven't got the guts to be an OP and never will. You just hit and run. Go back to your leftwing chatrooms and porn sites.
And you all want DeSantis in the White House?
You’d better hope DeSantis is in the White House because he is the only person that can keep Trump out of jail.
Everything the greed controlled or government controlled corporations OR everything the government does nowadays- all are done by coercion or force. Don’t want us to put smart meter that may endanger your health? Then pay us 25$ a month to not do it; don’t want an unnecessary harmful vaccine? That’s ok, but now you can’t work; don’t want to use electronic money? That’s ok, your “choice “ but now you can’t buy food or seek any healthcare. Since the Covid impositions began, I have never understood why a legal defense has never been initiated by any of the few advocating legal entities based on coercion. In any other aspect of life bribery, threats, coercion is a crime.
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