… and of course, any kind of capital or maintenance expense you can defer boosts Executive Compensation.
America Leans on Aging Power Plants to Keep the Lights On
https://www.wsj.com/articles/america-leans-on-aging-power-pl…
The extra mileage being put on these power-plant versions of old clunkers, some of which were set for retirement, has raised concerns that some could break down when needed most. It has also led to complaints from power plant owners that they should be paid more to ensure that the aging facilities are properly staffed and maintained if they are pressed into service for longer than anticipated.
I’m fortunate to live in an area with a completely socialized, municipally-owned electric power company. Instead of crazy price increases, we often get an “efficency dividend” of about a half month’s power bill when things are going well.
Like with health care, if you take the $10 million/year CEO out of the equation, things remarkablely improve.
intercst