Republicans Are No Longer the Party of Business
That is the remarkable title from an article in BloomburgBusinessweek:
Under Delmarva’s new plan, the utility and the PSC would agree upon Delmarva’s spending ahead of time, planning four years into the future. Delmarva officials call the plan innovative, saying they are unaware of any other arrangement like this at comparable electric utilities around the country. Delmarva officials say the plan would give regulators more input into the utility’s spending before it happens. “I think it’s a better process when you all work together on a plan,” said Glenn Moore, Delmarva’s regional vice president. The plan would reduce what the utility calls “regulatory lag” – the time between when Delmarva spends money, and when the PSC approves Delmarva getting the money back from customers, along with a profit margin.So. Delmarva charges you more and puts the excess in the bank to fund some future capital spending project.