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Peter Nightingale's avatar

Rhode Island Energy does what Rhode Island Energy does when legislative leaders appoint industry insiders to the Rhode Island Public Utilities Commission. That's why utility profits have increased by 400% over the last two decades. The Federal Reserve Bank of St. Louis has documented this for years. See the chart in this post, Rhode Island Energy's Rolling Rip-Off: https://peternightingale.substack.com/p/rhode-island-energys-rolling-rip

Not so hard to figure out, one would think.

barry's avatar

I agree that rather than depend on volatile and expensive fossil fuels for energy, it is better to emphasize renewables. That seems obvious, yet Governor McKee just doubled down on his insistence on in effect defunding renewables.

As for the utility, I agree out of state ownership hurts Rhode Island as has happened not just for electricity but also to our banks, newspapers, TV and radio stations, department stores, groceries... And I understand the political temptation to blame high prices on the utility even as a big part of that is US support for the Ukraine war and our aggression against Iran. Indeed I'd like to see some effort to make RI Energy and ally in the need to electrify transportation and heating For that we need a well maintained robust grid so we have a common interest in that

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