Per Steve Cortes of The War Room
1 in 6 American households behind on their utilities
- Thread starter DerekJohnson
- Start date
MikeDamone
Well-known poster
Same % are retards
True but the party that claims to protect retards is the party that is jacking their utilities
Or maybe BIG POWER is
Not sure
Joe Biden and his Big Power buddies?
Berkshire Hathaway is one of the biggest energy companies in the US and owns several huge regulated electric utilities. In 2021 Berkshire alone had $1.9 billion in energy tax credits for wind and solar power. They are a huge lobbyist for the extension of the "green" energy tax credits that just passed in the "Let's Increase Inflation Act". The way regulated utilities work is that the shareholders are guaranteed an after tax rate of return (currently around 8%) on its investment in utility property. The utility shareholders don't care in what they invest as long as they get paid. So, shutting down a $500 million coal plant and replacing it with a billion dollars of wind and solar is a huge win for the shareholders. It's a big loss to the utility customers and to the reliability of their electricity supply. To increase reliability means lots more expensive transmission lines which of course means more income to the shareholders and paid for by the utility customers.
Fenderbender123
New Fish
I'm only behind because I can't keep track of all my auto payments, the cards they're tied to, then you lose a card, etc. Once I get the "hey we're gonna shut off your water/power/internet" letter, I immediately pay them.
I imagine a lot of people are the same. It's all about understanding the data.
I imagine a lot of people are the same. It's all about understanding the data.
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Good point. Totally explains why the delinquency rate is going up.
What's the normal rate vs now?
The poverty rate is usually between 12 and 20 percent. 1/6 is 16.666[/b]
SwisherSweetboy
Member
Wait another 6 months or a year. This will be a candidate for "This post didn't age well"
Pitchfork51
Active poster
The party of price hikes
Fenderbender123
New Fish
It only accounts for one person out of 65 million.