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Originally Posted by Keith P.
Nobody is suggesting you are. Please stop saying that. Cripes...  |
"Have you ever heard of an 'angle'..." ...Uh-huh.
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...I am certain that's what happened here and as a result some of the coverage took this misguided angle.
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Misguided how?
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That's because there isn't a reasonable answer to an unreasonable question. We pay for their lease costs now as part of the rate formula. We will pay for occupancy costs anywhere as part of the rate formula. Would the regulator expect them to conduct their business on the sidewalk?
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But that's my point. General infrastructure costs are already built into the formula. This is a one time expenditure which they can afford this without a rate increase. ...Yet they're going to ask for a rate increase to pay for the renovation, and that's an increase we're going to be stuck with forever.
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You've lost me here. They will pay for it either by funding it out of earnings or by taking on debt and repaying it over time, just like any other business.
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That would be fine if that were the actual case...
...But why is Mr. Bennett saying that the cost of this is going to be passed on to the customers, then?