Vermont’s newest office, the Progressive Office for Sustainability, declared that all of the increase will go toward Whirligigs and rooftop hotplates. Oh yeah, and subsidies too.
Vt’s Largest Electric Utility Seeks To Raise Rates
CVPS Wants 5.9 Percent Rate Hike
RUTLAND, Vt. — Vermont’s largest electric utility is asking for permission to raise its rates by 5.91 percent.
Central Vermont Public Service Corp. President Bob Young said the money raised by the increase is needed to offset increased power and transmission costs and reliability improvements to the utility’s system.
If approved by the Public Service Board, a residential customer who uses 500 kilowatt hours of electricity a month would see their bill go up by $4.40. [snip]
Raise the rates, ratepayers cut back.
This is what the sustainability crowd wants.
They believe in the great socialist principle of the zero sum game, if I win, you lose. Consequently, to have equality, everyone has to lose. So, it will be.
Conservation for artificial reasons kills the targeted business, particularly those regulated by governmental fiat.
After this increase, ratepayers will conserve to save on their monthly cost, leaving CVPS with the same base line costs but lower revenues, once again to raise rates triggering more consumer cutbacks.
There is a finite limit to how much of a cutback ratepayers can make in usage before they either go bankrupt or get subsidized by the taxpayers.
Keep the utilities from increasing the rates results in infrastructure disrepair; we finally subsidize the quasi-public utilities with taxpayer funds.
Isn’t socialized meddling helpful? Marxist economics is such a pure system so well grounded in logic.
The hog trough is more orderly!
Filed under: Progressives/Socialists, Vermont | Tagged: Economy, Greens, Loons, Luddites, Moonbats, Shap Smith, Shumlin, Taxes, Vermont Legislature, Vermont Yankee
