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6byfour t1_jbyko16 wrote

Reply to comment by redcoat777 in Pine tree power question by respaaaaaj

The $10B (or 13, or whatever gets decided after years in court) is just for the assets CMP already owns. Actually operating the utility will take hundreds of millions per year.

Some individual storm restorations in New England have cost tens of millions in a week. Isaias in CT cost over 100M for one utility.

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redcoat777 t1_jbz22n7 wrote

Yes, but operating expenses plus 100m are already covered by the existing income.

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6byfour t1_jbz3t9d wrote

They’re covered by a mix of prior income and credit. To have cash, they need to have charged someone money in the past, which they haven’t.

So all of this talk about just buying the assets and skipping away ignores the money it takes to actually serve the customers. A distribution system is a very hungry animal, especially when the weather is bad.

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