That damn commie cabinet maker, builds the cabinets and then charges his customers. His ignorance is truly entertaining.
Usually utility customers are just as captive as taxpayers. It's no more socialism than most of the shit you all claim is socialism, but I get his point.
His point is AEP can afford these upgrades through their profits alone, but instead of creating a slight burden on the shareholders they are creating a slight burden on the customers. Thus the customers are subsidizing the shareholders. If the only way to pay for these upgrades and be profitable is to increase prices, he has no point; that's why I asked for a source on his claim of AEP's profits and how this was extrapolated over time.
That's actually called capitalism...not, socialism. A customer ultimately pays for all expenses of the business. He has no point.
www.wvpublic.org
We have many electric co-ops here. Mostly in rural areas and that is what they were designed for.
It's not free market capitalism* because the customer has no other choice and it is something they absolutely need, and the state has assured the right of monopoly. Generally in this nation this has been done in a way that private ownership of a utility understands profits will be somewhat muted because we expect utility monopolies to operate in the public interest and maintain their shit. This notion has been undercut by the political influence utilities buy.
"In their testimony, AEP officials declined to provide an estimate of such costs."American Electric Power Net Income 2010-2023 | AEP
American Electric Power annual/quarterly net income history and growth rate from 2010 to 2023. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. <ul style='margin-top:10px;'> <li>American Electric...www.macrotrends.net
W.Va. Customers Will Pay For Upgrades To 3 Coal Plants, PSC Rules - West Virginia Public Broadcasting
The West Virginia Public Service Commission on Tuesday gave three coal-burning power plants an extended lease on life that will be paid for by the state's
I don't believe that is entirely accurate. Rural EMCs were necessary for rural electrification because corporations didn't want to do it. But rural only operations has its own issues, because fewer/isolated customers raises costs. I am sure co-ops would work fine for large urban centers, and would likely work better there than they do for rural areas. Of course that possibility is the the horse that long ago left the barn.
Name some things that are socialistic where the government takes YOUR tax money and gives that money to poor people....
No. We've already established your attempt at suggesting a company charging more $$ for cost it's incurring isn't socialism.
No. What we've established is that your attempt to debunk my "socialism for the rich" by offering that customers paying for a product disqualifies it, is as stupid as usual for you.
