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If only the republican legislature and governor had not crafted legislation that made it nearly impossible for the IURC to meaningfully push back on rate increases…
But Mike’s a man of the people! He’s a blue collar guy in his blue shirt and everything!
Let’s take back our utilities and get rid of these greedy corporate bastards.
Utilities socialize the cost of investing by getting rate increases on customers to recover those costs . Then privatize the State Guaranteed return on investments paid for by rate increases by paying dividends to shareholders that did not fund those investments .
Take back from whom? AES’s predecessor IPL was formed in 1881. You can advocate to municipalize their service or for Citizens Energy group to purchase but those are huge moves and could be costly.
The biggest issue is allowing a 9.5% return on equity paid for by rate payers!?! Why do rate payers pay for ‘investment gambles’ for incompetent and woke management of a utility monopoly!? When we individual rate payers invest in companies and businesses there is no guarantee of any returns, yet AES gets a return of 9.5% for its investors on our backs and expense!?! Why would any entity get a return on a loss of $90-71 Million.? This is not partisan politics, it’s a total scam!
“Woke” mentioned without any supporting evidence, classic move
“So disappointed about this problem I helped create.”
Braun sucks.
Does anyone know if AES is passing along any costs to rate payers incurred as a result of increasing capacity for data centers? I hope the answer is NO
Claude says no.
They definitely are.
A R. – can you cite any sources for that statement? Claude has many citations that you can verify on your own rather than me cutting and pasting.
You should check the citations to make sure Claude hasn’t hallucinated them. Ultimately, though, we all pay more as data centers take a larger share of the supply of available energy. It’s simple supply vs demand. Data centers result in exponentially increasing demand while supply remains mostly steady. Any increase to supply in our state is coming from dirty, expensive energy instead of cheap, clean energy thanks to Republican inability to innovate at the state and federal levels.
Yeah, my utility bill and the mountain of studies showing that the sudden spike in demand without increases in capacity results in costs going up for residential rate-payers.
You think Claude, an AI run by a company that relies on more and more data centers, is going to tell you that it’s causing prices to spike? LMFAO
I readily accept Michael N.’s S&D analysis and Claude mentions this. I suppose it all depends on whether there is extra supply now that is being absorbed by the data centers. There are Indiana laws (and elsewhere) that stipulate any new capacity built is paid in full by the DC companies. And I agree many politicians have shot ourselves in the foot and curtailing clean energy in favor of coal, etc.
A R. – I don’t believe Claude is really in the business of lying to cover Anthropic’ s business model. I even asked him if he was biased. 🙂
Randy, there WERE multiple clean energy projects in the works that would have added capacity to the grid, but Trump killed them all, sadly. It’s one of the reasons he’s forcing coal plants back open, despite operator’s being against it due to the extremely high cost to bring them back online. Until we diversify the portfolio to include as much renewable energy as possible, we’ll pay higher rates and have more blackouts, and thus more data centers using their diesel generator backups