Hassett Calls for Utility Rate Cuts
Providence City Council member Terry Hassett wants the Public Utilities Commission to revisit this summer’s rate increase (h/t):
“If the rationale was to boost the rate for electricity here in Rhode Island because it is directly related to the cost of oil, then the PUC is obligated to summon National Grid before them to reconsider the more substantial change in the world market price of oil,” Hassett said.
“As the cost per barrel of crude oil has plummeted, it is the PUC’s turn to act on behalf of the consumers in Rhode Island and reduce the rate of electricity,” Hassett said.
I agree. If the previous justification for raising rates is gone, then lower them. Too bad the same philosophy didn’t get applied to government spending.