The reason electric rates have jumped in my area is the retarded power company executives made all these grandiose plans for expansion based on growth projections that could only possibly, maybe happen if that '90s bubble went on forever.
So they sold profitable assets and then built capacity that is now shuttered.
Now, of course, we see that bubbles do not go on indefinitely. Do you suppose those execs are going to pay for their dumbass decisions? No. They are probably on the French Riviera right now, tapping their fat Swiss accounts, while the CUSTOMERS are forking over the money to pay for their folly.
