The ongoing trend across the US is that utilities are continuingly increasing rates. The increase in rates is happening in Illinois, North Dakota down to Florida along the east coast. The reason for this increase in rates ranges is due to a number of issues ranging 0from cost of operation going up to utilities upgrading grids, etc. But they all have one thing in common and that is getting more money from the consumer to cover their cost of doing business. These increases have angered consumers because if these rate hikes are needed, shouldn’t they be targeted toward projects that will lower cost and improve efficiency? Along with the requested rate hikes, these same companies should also show how improvements will save money and provide a return on investment to customers. With the direction things are going, rate hikes will continue to be a common practice and these companies will not have to be exposed to any risk in how they run their business; they will just ask for more money.
Why are utilities able to operate under a different structure than other businesses? Is this the best utilities can do?