Check the utility's financials. They are publicly available. You'll likely
find they are struggling to stay afloat financially rather than having "high
profits". Remember they are funded through stockholders who expect a return
above a bank CD and must pay for the energy they supply at whatever rates are
out there, yet cannot charge what they need to to cover their costs without
regulatory approval. Things get a bit shaky and the stockholders get cold
feet, and now what?? Now THAT's what between a rock and a hard place is...

-- Bob (not affiliated with any utilities, thank heavens)

Cliff PETERSON wrote:
> We were in a drought and were asked to conserve water so people did. The utility in question then requested a rate hike because when people conserved the utility didn't earn as much and had to make it up by charging more for the smaller amount they were supplying.
>
> Is this being between a rock and a hard place where if you use it they charge more to cause conservation and if you are using less they charge more to keep the profits high?

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