[BravoZulu]

Without seeing financial statements it is hard to make a determination regarding a rate increase. Yes it has been reported that they are operating in the black, but they are in the business of making money, so perhaps their profit margin is not at the level they want it to be due to fuel costs etc, so they apply for a rate increase to increase profits, which has to be approved by the URB (because we don't have the option to buy power elsewhere) if they deem it justified.

Seems to me that if the URB approves a rate increase then we need to trust that they (having all the relavant info in front of them) agree that it is necessary.

and IMHO if they said we want a rate increase "to pay for a new building" the URB wouldn't take too long to refuse it.