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 #captivecustomers.
Avangrid boasts that results "benefited from the execution of rate plans in New York and Maine"
#captivecustomers #mepolitics #avangreed
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.
George Danby on the money:
https://danbyink.bdnblogs.com/2022/12/18/customer-satisfaction/
#mepolitics #avangreed #utilityaccountability #maine
"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?
#mepolitics #Energy #utilityaccountability #avangreed
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
Avangrid's lawyers chalk up a victory in Maine's Supreme Court in CMP #NECEC 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 #Avangreed way.
#necec #avangreed #mepolitics #localcontrol #Energy
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.
#mepolitics #avangreed #energymastadon