Our Power · @ourpower
22 followers · 55 posts · Server mastodon.energy

Central Maine Power's owner
Avangrid just announced their 2022 net income: $881M (+25% over 2021).

Good times for utility corporations.

Not so much for their .

Avangrid boasts that results "benefited from the execution of rate plans in New York and Maine"

#captivecustomers #mepolitics #avangreed

Last updated 2 years ago

Our Power · @ourpower
21 followers · 41 posts · Server mastodon.energy

All those chronic billing issues that Avangrid-owned utilities keep having?

Not their fault--it's because of COVID!

That's literally what they said this week.

Your average toddler has more accountability than this corporation.

fingerlakes1.com/2023/01/12/lo

#mepolitics #avangreed

Last updated 2 years ago

Our Power · @ourpower
20 followers · 28 posts · Server mastodon.energy
Our Power · @ourpower
20 followers · 27 posts · Server mastodon.energy

"Fake it till you make it" is CMP owner @avangrid's tactic in New Mexico, where they won't take "No" for an answer to acquiring a local utility.

Avangrid is being "disingenuous and confusing the public" says regulator.

Sound familiar?

nmpoliticalreport.com/2022/12/

#mepolitics #Energy #utilityaccountability #avangreed

Last updated 2 years ago

Our Power · @ourpower
9 followers · 9 posts · Server mastodon.energy

What drives decision-making at CMP owner Avangrid?

Execs are paid largely in shares--in 2021 $10M of the CEO's $14M compensation was stock.

Result? They push CMP and other subsidiaries relentlessly to maximize quarterly returns, raising share value.

#mepolitics #avangreed #Energy

Last updated 2 years ago

Our Power · @ourpower
9 followers · 7 posts · Server mastodon.energy

Avangrid's lawyers chalk up a victory in Maine's Supreme Court in CMP case.

If things don't go your way at the polls, no problem: just send in the lawyers to work the courts. It's the way.

mainepublic.org/business-and-e

#necec #avangreed #mepolitics #localcontrol #Energy

Last updated 2 years ago

Our Power · @ourpower
0 followers · 2 posts · Server universeodon.com

Avangrid just published CMP's Q3 financials. You sitting down?

CMP took $49.1M in profit. That's $533,869 every single day extracted from hardworking families struggling to pay skyrocketing bills.

Unconscionable.

s24.q4cdn.com/489945429/files/

#mepolitics #avangreed #energymastadon

Last updated 2 years ago