A rarely used technique to upgrade old power lines could play a big role in fixing one of the largest obstacles facing clean energy, two reports found.
What will happen is that utilities will take about a year to file an IRP with a rate increase, have it under consideration for a year, and then when it’s invariably passed, they will subcontract the work to a corporation the utility owns (at a big markup), complete about 40% of the work, report a massive profit to their shareholders while reporting to your utility commission that they need more rate hikes, citing extenuating circumstances, the economy, the usual “please give us socialism” corporate nonsense.
What will happen is that utilities will take about a year to file an IRP with a rate increase, have it under consideration for a year, and then when it’s invariably passed, they will subcontract the work to a corporation the utility owns (at a big markup), complete about 40% of the work, report a massive profit to their shareholders while reporting to your utility commission that they need more rate hikes, citing extenuating circumstances, the economy, the usual “please give us socialism” corporate nonsense.