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Message
re: Help with understanding a New Orleans Entergy bill...
Posted on 9/17/21 at 5:26 pm to BeepNode
Posted on 9/17/21 at 5:26 pm to BeepNode
quote:
Utility companies basically have zero risk. When storms frick their infrastructure up they can just add fees and adjustments and there’s nothing you can do.
And very little reward. Their ROI is capped at around 10%.
3
Posted on 9/17/21 at 5:38 pm to Dawgwithnoname
quote:
Their ROI is capped at around 10%
Pretty sure it’s their profit margin that has that cap (or one close to it); the deal made to be sole provider.
Regardless, I’m sure there’s a lot of frivolous “business expenses” they go through to stay at that particular percentage profit margin.
Posted on 9/17/21 at 8:36 pm to Dawgwithnoname
Does anyone realize what it costs to get the power back on after an event like hurricane ida? The cost of this is astronomical.
Posted on 9/17/21 at 8:45 pm to Dawgwithnoname
quote:
And very little reward. Their ROI is capped at around 10%.
And? It's close to guaranteed money. If they screw up they just charge the customers more and there's nothing they can do about it. If their take is 10% then that's a lot more than I figured it was.
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