@joelgombiner@DavidPomerantz Sure, there is some risk, but not necessarily to shareholder returns on investment. The return on equity is set/approved by regulators and recovered from captive ratepayers. Even the risk of fuel price volatility is borne by ratepayers unless there is fuel cost sharing.
Rate of Return Equals Cost of Capital: A Simple, Fair Formula to Stop Investor-Owned Utilities From Overcharging the Public https://t.co/qys4xTtLrP via @Econliberties
@joelgombiner@DavidPomerantz These utility profits are mostly guaranteed profits, investing in stocks involves taking on risk. Those returns are not guaranteed. It’s more apt to compare them to guaranteed returns of, say, bonds.
Stunning stat: 2,860 Chicago pedestrians & cyclists ages 1 to 19 have been hit by cars since 2021.
Here's the hotspot map in @chicagotribune on where these crashes occur:
6 Via RideSmarts on my walk home 7pm on a Tuesday. One of the most walkable neighborhoods in Chicago. 2 students called one from yoga. My least favorite security theater = creating gas-powered car dependence. @UChicago should invest in real transportation & real safety vs 🚗🚗🚗
MISO's Board approved a historic regional transmission portfolio:
"MISO's process is entirely replicable & grid operators can incorporate their own regional needs into planning process updates required under a recent federal directive." -@TedThomasENRGZ
https://t.co/JvoQ4vsEKM
A 1,070-MW coal plant, once slated for retirement by 2023 and now the #9 largest GHG polluter in Indiana, appears to be on the verge of executing a long-term agreement to sell a majority of its energy and capacity to an unnamed data center developer.
A Michigan utility buys power from 1950s-era coal plants whose largest owner happens to be its parent company.
It's a bad deal for the power company's customers, consumer watchdogs and enviro groups say.
https://t.co/83gI6n7eyR
BREAKING NEWS: MISO's Board of Directors approved the Tranche 2.1 transmission portfolio. The portfolio includes 24 high-voltage transmission lines that are projected to deliver at least $23.1 billion in net benefits over the first 20 years of service.
Private jet trips. Massages. Professional sport games. Not the perks of being a millionaire, but instead an executive or staff member at some of the top utilities across the country. And customers are paying the price. New report from EPI: https://t.co/MEdkSTy2Se
This actually happens a lot in Chicago because the city departments don’t communicate with each other and aldermanic menu money is spent independently of citywide infrastructure planning.
"As families make tough choices between paying the power bill or buying groceries, there are mandates and market manipulations keeping expensive coal online and consumers paying the price. - Bishop Marcia Dinkins, @BLAC_Appalachia
https://t.co/DV2dbuMsNV
Horrifying. The first photo is verified fatalities in residential buildings by age and gender since 10/7/23 and the second is prior conflicts. When ages 0-4, 5-9, and 10-14 are on the bottom of a graph of fatalities, it shouldn’t actually be a pyramid! https://t.co/BWja4U7Pir
If you want to call me a lefty for thinking my community deserves to drink clean water, go ahead.
If you want to say I'm a progressive for saying polluters should pay to clean up their mess, feel free.
I don't give a sh*t about labels. I care about delivering for my constituents and my community.
I called on the CEO of our billion-dollar utility monopoly to resign, and we forced them to pay back customers over $60M.
I went after the Wall Street speculators driving up the price of housing.
I built a coalition to push my bill to stop Big Pharma from ripping off families.
I put affordability front and center every day. Most importantly, I told folks exactly who it was that was ripping them off, and I grounded it locally.
It's the billionaires and big corporations making record-breaking profits while the rest of us struggle.
During the 1st Trump era, I
- flipped a State Senate seat in Illinois, helping to deliver a trifecta that enshrined abortion rights
- worked w/ amazing coalitions in IL and Minnesota building power to pass bold 100% clean electricity policies
We can still do good the next 4 yrs