Would this not be a $4 million dollar tax? The utility will pass it on to the consumers.
Why not make it a $400 billion dollar penalty/tax. That way they’ll pick up and leave, or just close shop. Who needs the jobs anyways? $400 billion not enough? make it $4 trillion instead.
I wish they’d ask this directly to the MA AG.
The Public Service Commissions of a state generally approve rate hikes for public utilities, so the utilities can’t really just raise prices automatically. However they can ask for rate hikes and effectively factor the fine in there and recoup it over the next year.