At their most recent meeting, the Public Service Commission expressed its concern on the issue of exploding home heating bills with the specter of more and more families unable to pay their bills and cascading numbers of power shut offs facing our communities.
Of course the PSC is concerned. They’re concerned that the utility companies financial ratings will be down graded. The stock holders and the CEO’s must be protected in these dangerous times!
Reform of the state Public Service Commission needs to be a high priority for the Patterson administration. The current structure leaves utility customers at the mercy of barely regulated state monopolies–threatening the health and safety of families across the state. But the bond market is feeling mighty cozy.