CEA’s Marc Brown spoke with Daily Energy Insider to address some of the challenges of municipalizing electric generation and transmission, and how that may negatively impact consumers through increased bills and reduced reliability.
Brown told Daily Energy Insider the change of management would eliminate much of the regulatory firewall that currently protects customers and place more risk in the laps of Long Island ratepayers and taxpayers. “It will transfer the financial risks that come from running a utility to taxpayers, instead of investors who understand the business,” he said. “Then there will be uncertainty, higher costs, plus the elimination of the regulatory oversight that keeps rates reasonable and energy reliable.”
Read more – Daily Energy Insider