Eversource is doing what it wants since they know CT law makers are approving everysingle one of their request to keep increasing rates to a ridiculous amount. Us, consumers are hurting. We can't decide to pay electric or pay for groceries or our kids clothings or rent. Is insane! I heat with electric so my bill comes at 1 thousand monthly for my electric. Imagine $6,000 dollars in 6 months just in electric bill. We got so many other things to buy and pay for and Connecticut is not supporting us, The people!.
I feel we have been hit with a double whammy in recent years and now this added fee for public benefit is a kick in the shins to those of us who actually pay our bills. Why isn't that being pulled from some social service budget that could be at least partially funded by the feds? Why is Eversource allowed to charge separate fees for transmission, distribution, and wire maintenance, that's a higher feel than the actual generation portion? If you look closely at your bill (for some of you) Eversource actually buys power from CL&P... and that's where it came from almost 100 years ago... back before deregulation allowed all of these charges to be separate. Sure, I can buy my power from another supplier and save what, 1-2 cents? (while the other fees keep going up) There is no longer an incentive to shop around. A few years ago my research said I will save $50 - $80 a month so I changed suppliers. Shortly afterward I got a rate increase from Eversource that brought it down to about $10 savings. This most recent hike / fee shot my bill up by about 40%. I now have to ask how CL&P did it for 100 years by themselves and now it's out of control!
Actually what they do is if they want a 3% increase they ask for 10% and end up with 4 or 5% . They they cry the blues saying they’ll have to cut certain projects and the politicians brag about how they fought for the people and won while in the meantime the rates go up .
I have to pay into all of the funding used for the Energize CT program but cannot benefit from it at all. I shouldn't have to pay for something I can't use. That's called theft.
Keep voting the clowns into CT government that allow this. Voters can use their power to some degree. I used 20% less electricity than the same time last December, but my bill was 40% higher. My most recent electric bill was just over $600!!!!! This is absolutely financial destruction of any possible savings for any CT resident.
Great job I-Team and especially Cassidy Williams, now that’s how you investigate an issue and produce an actual news story that is interesting and easy to follow. The production was great and I didn’t even want to fast forward as I usually do. Overall a great piece and a worthy cause. Hopefully the Connecticut Legislature will finally wake up and realize, people are truly fed up this this mess and pass some actual law that stops the ongoing theft of its citizens.
First, this video is a terrific use of TH-cam, thank you. Second, if the state wants to spend money on any program, that program should reside in the State budget where our elected officials can be held accountable at the ballot box. Right now it is not Eversource’s problem or the UI. So there is no accountability there. Residents of the state continue to be abused by their lawmakers and their service providers like UI and Eversource.
The lies that Eversource rep was spouting...i could smell it through the screen. We seriously need to open the market and get rid of them. I should not hafto pay because they made bad decisions
This was OK, but it would have been better if it dug into the background of the Millstone issue, which is the majority of the public benefits charge. Exactly WHY was the plant in danger of closing when it could charge market wholesale rates for electricity? Would it REALLY have closed? How much money is the owner (I think Dominion?) recovering, and why?. One of the people interviewed said that nuclear is one of the cheaper zero-carbon power sources, but it sure doesn't seem that way.
There were a cavalcade of capital improvements the federal government was requiring they make all in incredibly rapid succession. The previous owner didn't have that capital on-hand, and needed fast-cash to get that. This means HUGE capital improvement loans, which can't easily be collateralized because lending institutions aren't keen on owning something so heavily-regulated, even if it's only for just enough time to get it auctioned off (usually at pennies on the dollar). As such, what they wanted was a guarantee of certain revenue streams and cash-flow that the plant simply wasn't generating, or, at least, definitely couldn't guarantee, as contemporaneous technological improvements in fractured-rock drilling made natural gas, in relative terms, incredibly cheap. This means the previous owner had no possible way of getting the funding needed to make the improvements they were legally required to make. It was also a time when there simply were no buyers for this type of facility (especially with the known capital issues and known revenue streams and known market environment as it relates to complimentary products like natural gas), so they were *_completely and totally genuinely_* looking at a total shutdown in 3-4 years without this guaranteed revenue stream. Thing is, if we actually had market conditions in CT for electrical generation and delivery, we could have told them, "Tough luck, we'll have a dozen natural gas plants installed in CT in the next 12 months, we'll be fine." We don't. In fact, 22a-200a makes it essentially impossible to install a new natural gas plant in CT, and the RECs program is so ridiculously heavily-regulated, there's no way to, for example, retail out-of-state generation without jacking up delivery rates to worse than where they already are. The legislators in 2016 when this first went through were handcuffed. That's why those legislators who voted in favor of the deal (the majority - _by a lot_ - of whom were Democrats) did so with extreme reluctance. That should answer pretty much all of your questions.
@@captainphoenix Thanks! That does answer my questions overall. I figured there were large capital improvements needed for such an old nuclear plant, but also figured that would have been factored into the long-term economics when the owners at the time bought it. Apparently not. I'm all in for nuclear, but legacy plants like this seem to be an economic burden, albeit a necessary one. As far as 22a-200a, seems like a good idea until one has to pay for it, and with our state's withdrawal from meaningful wind projects there's no other option than keeping Millstone up. Transmission from Canadian hydro is bottle-necked from what I've read too.
@@wbsouthton more natural gas plants aren't quite the answer either. The major problem with gas plants is that New England is significantly constrained with natural gas transmission capacity. So the solution is to either build more natural gas pipelines, which is incredibly difficult to get new transmission infrastructure sited, or deliver LNG via trucks and rail, which is also cost prohibitive. So while NG may be inexpensive in other parts of the country, it's not in New England. The root of the problem is that New England doesn't have many good local natural energy resources to tap into, so we're reliant on importing our energy (as electricity, or NG, etc), which is expensive. Building more electric transmission lines or natural gas pipelines could help, but that costs money as well and is difficult to get approved.
Where's all the comments from CT residents? There should be more comments and people complaining all the way up to the steps of the capitol in Hartford!
When you see a public utility to a foreign company that is looking maximize profits what other outcome would you expect? This is what the people opposed to the changes said would happen.
Is the problem that it is a public company ? I think the state needs to stop sponsoring things which don’t make financial sense. If an electric vehicle was less expensive to purchase and operate then people would choose the electric vehicle. The idea that every customer should pay for the fee to have a charger installed seems ridiculous. I don’t think the problem is Eversource, seems to me it’s the State folks who are being reckless with others money. All these rebates just come from our own pockets, where do you think the money for the rebates come from ? It comes from your left pocket and we are being presented like it’s a benefit ! A $650 rebate for a water heater which pays for itself in savings ? I don’t think you need to offer that, a smart consumer will choose the best option for them.
The Biden administration’s war on energy has hurt our country . I also feel Ct. has a target on its back because we are supposedly a very affluent state. I am retired and it’s getting very hard to deal with all this. I’m hoping the Trump leadership can somehow get us some relief.
@ Give Trump some time, I think he will help with energy costs. Can’t be any worse than Biden who did nothing . Some states like here in Ct. our politicians are in bed with Eversource, our main utility. Plus Eversource upper management’s income is off the charts so I think something has to give somewhere. I am retired and on fixed income and I dread seeing the electricity bill.
@@JoJo-11of11 EverSource is beholden to make money for it's shareholders; not provide energy at affordable prices. Trump is the President of billionaires, corporations and of the stock market. Not of the common man. He only cares on the optics and bases his performance as President, on how well the stock market is doing. Based on the incoming administration philosophy, it's your fault that you are not invested in the stock market or a millionaire.
@@JoJo-11of11 EverSource job is to make money for it's shareholders. Trump is the President of the rich and corporations. Based on this it's your fault that you're not taking part in the stock market. Stop expecting government hand-outs and get a job.
We live in a 1900sq foot house .. we have energy efficient bulbs in everything .. we have propane heat .. our bill is $800 a Month ... and public benifits portion is $200 ... what gives ???
Thank you so much for this amazing video! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
Wow, @MelbaAjay, what a thoughtful way to protect your cryptocurrency assets-by posting your entire seed phrase in a public TH-cam comment section. 🥴 Bravo! 👏👏 Truly groundbreaking security measures here, folks! 🏆 Let me get this straight: you're asking the internet how to transfer funds from your SafePal wallet (which you just handed the keys to) into Binance? 🤔 Oh, and you’ve conveniently included your seed phrase-the literal master key to your wallet-for any random passerby to grab. 🏃♂️💸 Because who doesn’t love an open invitation to empty your funds? For anyone reading this who might not know, a seed phrase is NOT something you share with anyone. Not with me, not with your best friend, not even with your pet goldfish 🐠-and DEFINITELY not in a TH-cam comment section! Why? Because with that magical set of 12 words, anyone can access your wallet faster than you can say “Oops.” 😬 Now, Melba (if that’s your real name… 👀), let’s dive into the sheer genius of this comment: 1️⃣ Alarm fetch churn bridge exercise tape speak race clerk couch crater letter - Ah yes, the perfect "password" for the aspiring crypto thief lurking here. 🎯 You’ve just handed over the digital equivalent of a bag of cash and said, “Here, take it!” 🛍️💸 2️⃣ If you’re truly trying to transfer USDT (Tether) from SafePal to Binance, here’s what you should have done (WITHOUT posting your seed phrase!): Open your SafePal wallet. Generate a deposit address on Binance for USDT. Withdraw your USDT from SafePal to that Binance address. Simple as that! 🙄 3️⃣ However, since you’ve just publicly shared the seed phrase, your wallet is now about as safe as a sandwich at a seagull convention 🥪🦅. If this comment is genuine (hard to believe 🤷♂️), you need to IMMEDIATELY: Create a new wallet. Transfer ALL your assets out of the compromised wallet ASAP. 🚨 And most importantly, never share your seed phrase again. EVER. 4️⃣ But… let’s address the elephant in the room 🐘. Is this even real? Your comment is giving off some serious “phishing for clicks” vibes. Are you genuinely this naive, or is this a baited trap to draw in scammers or sympathetic replies? Either way, this post is a goldmine for crypto theft. Congratulations, you’ve officially won the "How Not to Crypto" award 🏅. Lastly, for anyone else reading this, let Melba’s comment be a lesson in what not to do. Sharing your seed phrase is like leaving your house keys on your front porch with a sign that says, “Keys here! Feel free to let yourself in!” 🏠🔑🙃 Melba, if you’re serious about learning how to transfer your USDT without donating it to the entire internet, feel free to delete this comment and start over. But for now, let’s hope no one’s wallet gets looted because of this free-for-all seed phrase giveaway. 😬🔐
Eversource is doing what it wants since they know CT law makers are approving everysingle one of their request to keep increasing rates to a ridiculous amount. Us, consumers are hurting. We can't decide to pay electric or pay for groceries or our kids clothings or rent. Is insane! I heat with electric so my bill comes at
1 thousand monthly for my electric. Imagine $6,000 dollars in 6 months just in electric bill. We got so many other things to buy and pay for and Connecticut is not supporting us, The people!.
I'd be looking to supplement with or convert over to another source of heat, it sounds like it would pay for itself real fast!!!
Although you are not wrong, please get a heatpump.
As long as the state of CT is in bed with Eversource ,we all will just keep screwed
When CEO’s are making millions and profits are the highest they’ve ever been, I shouldn’t be paying more when I can’t even afford groceries!
I recall seeing the same CEO in this video, on a social media post smiling about record profits. "Great job", guy!
I feel we have been hit with a double whammy in recent years and now this added fee for public benefit is a kick in the shins to those of us who actually pay our bills. Why isn't that being pulled from some social service budget that could be at least partially funded by the feds? Why is Eversource allowed to charge separate fees for transmission, distribution, and wire maintenance, that's a higher feel than the actual generation portion? If you look closely at your bill (for some of you) Eversource actually buys power from CL&P... and that's where it came from almost 100 years ago... back before deregulation allowed all of these charges to be separate. Sure, I can buy my power from another supplier and save what, 1-2 cents? (while the other fees keep going up) There is no longer an incentive to shop around. A few years ago my research said I will save $50 - $80 a month so I changed suppliers. Shortly afterward I got a rate increase from Eversource that brought it down to about $10 savings. This most recent hike / fee shot my bill up by about 40%. I now have to ask how CL&P did it for 100 years by themselves and now it's out of control!
Don't expect this to change, Eversource, owns the state Capitol! They have never been denied an increase! and never will
Actually what they do is if they want a 3% increase they ask for 10% and end up with 4 or 5% . They they cry the blues saying they’ll have to cut certain projects and the politicians brag about how they fought for the people and won while in the meantime the rates go up .
Why are people subsidizing other people's bills or EV vehicles?? Ridiculous
I have to pay into all of the funding used for the Energize CT program but cannot benefit from it at all. I shouldn't have to pay for something I can't use. That's called theft.
Keep voting the clowns into CT government that allow this. Voters can use their power to some degree. I used 20% less electricity than the same time last December, but my bill was 40% higher. My most recent electric bill was just over $600!!!!!
This is absolutely financial destruction of any possible savings for any CT resident.
Great job I-Team and especially Cassidy Williams, now that’s how you investigate an issue and produce an actual news story that is interesting and easy to follow. The production was great and I didn’t even want to fast forward as I usually do. Overall a great piece and a worthy cause. Hopefully the Connecticut Legislature will finally wake up and realize, people are truly fed up this this mess and pass some actual law that stops the ongoing theft of its citizens.
Electricity is already expensive. What happens when everyone is driving an electric car?
In THESE temperature o.o
Thanks Channel 3 for this sort of long-form program available online.
Nothing will change until Connecticut stop voting democrat.
First, this video is a terrific use of TH-cam, thank you. Second, if the state wants to spend money on any program, that program should reside in the State budget where our elected officials can be held accountable at the ballot box. Right now it is not Eversource’s problem or the UI. So there is no accountability there. Residents of the state continue to be abused by their lawmakers and their service providers like UI and Eversource.
$212? i live in a 3 bedroom house and pay average $135 a month. but also i live in a town that has there own power company so its waaay cheaper.
Is your home insulated/newer than 100 years?
The lies that Eversource rep was spouting...i could smell it through the screen.
We seriously need to open the market and get rid of them.
I should not hafto pay because they made bad decisions
Thanks for this information as disturbing as it all is.
This was OK, but it would have been better if it dug into the background of the Millstone issue, which is the majority of the public benefits charge. Exactly WHY was the plant in danger of closing when it could charge market wholesale rates for electricity? Would it REALLY have closed? How much money is the owner (I think Dominion?) recovering, and why?.
One of the people interviewed said that nuclear is one of the cheaper zero-carbon power sources, but it sure doesn't seem that way.
There were a cavalcade of capital improvements the federal government was requiring they make all in incredibly rapid succession. The previous owner didn't have that capital on-hand, and needed fast-cash to get that. This means HUGE capital improvement loans, which can't easily be collateralized because lending institutions aren't keen on owning something so heavily-regulated, even if it's only for just enough time to get it auctioned off (usually at pennies on the dollar). As such, what they wanted was a guarantee of certain revenue streams and cash-flow that the plant simply wasn't generating, or, at least, definitely couldn't guarantee, as contemporaneous technological improvements in fractured-rock drilling made natural gas, in relative terms, incredibly cheap. This means the previous owner had no possible way of getting the funding needed to make the improvements they were legally required to make. It was also a time when there simply were no buyers for this type of facility (especially with the known capital issues and known revenue streams and known market environment as it relates to complimentary products like natural gas), so they were *_completely and totally genuinely_* looking at a total shutdown in 3-4 years without this guaranteed revenue stream.
Thing is, if we actually had market conditions in CT for electrical generation and delivery, we could have told them, "Tough luck, we'll have a dozen natural gas plants installed in CT in the next 12 months, we'll be fine." We don't. In fact, 22a-200a makes it essentially impossible to install a new natural gas plant in CT, and the RECs program is so ridiculously heavily-regulated, there's no way to, for example, retail out-of-state generation without jacking up delivery rates to worse than where they already are.
The legislators in 2016 when this first went through were handcuffed. That's why those legislators who voted in favor of the deal (the majority - _by a lot_ - of whom were Democrats) did so with extreme reluctance.
That should answer pretty much all of your questions.
@@captainphoenix Thanks! That does answer my questions overall. I figured there were large capital improvements needed for such an old nuclear plant, but also figured that would have been factored into the long-term economics when the owners at the time bought it. Apparently not.
I'm all in for nuclear, but legacy plants like this seem to be an economic burden, albeit a necessary one. As far as 22a-200a, seems like a good idea until one has to pay for it, and with our state's withdrawal from meaningful wind projects there's no other option than keeping Millstone up. Transmission from Canadian hydro is bottle-necked from what I've read too.
@@captainphoenixthank you for eloquently pointing out the real reason, local natural gas plants is the answer but many don’t like that answer.
@@wbsouthton more natural gas plants aren't quite the answer either. The major problem with gas plants is that New England is significantly constrained with natural gas transmission capacity. So the solution is to either build more natural gas pipelines, which is incredibly difficult to get new transmission infrastructure sited, or deliver LNG via trucks and rail, which is also cost prohibitive. So while NG may be inexpensive in other parts of the country, it's not in New England. The root of the problem is that New England doesn't have many good local natural energy resources to tap into, so we're reliant on importing our energy (as electricity, or NG, etc), which is expensive. Building more electric transmission lines or natural gas pipelines could help, but that costs money as well and is difficult to get approved.
Punished for doing nothing wrong… Rewarded for doing nothing right… we’re the idiots paying our bills
Where's all the comments from CT residents? There should be more comments and people complaining all the way up to the steps of the capitol in Hartford!
Complain to PUCO. And state lawmakers
Thank God for windmills, solar “farms” , energy saver appliances and LED bulbs… who they think they’re kidding?
When you see a public utility to a foreign company that is looking maximize profits what other outcome would you expect? This is what the people opposed to the changes said would happen.
I wish my bill was only $212. 2400 sq ft house with oil heat and hot water and I paid $544 last month. It is insane!
EVERSOURCE should be fired. Every town in city in Connecticut should have their own power company.
Not every town can do it, but yeah! Local utilities.
I live in MA and my bill is double that "outrageous bill".
Why do I have to pay transmission and delivery? Do they send a truck to my house with power?
Is the problem that it is a public company ? I think the state needs to stop sponsoring things which don’t make financial sense. If an electric vehicle was less expensive to purchase and operate then people would choose the electric vehicle. The idea that every customer should pay for the fee to have a charger installed seems ridiculous. I don’t think the problem is Eversource, seems to me it’s the State folks who are being reckless with others money. All these rebates just come from our own pockets, where do you think the money for the rebates come from ? It comes from your left pocket and we are being presented like it’s a benefit ! A $650 rebate for a water heater which pays for itself in savings ? I don’t think you need to offer that, a smart consumer will choose the best option for them.
Yes, something has to be done. I bought solar panels, not leased, but bought them and ready reaping the benefits.
No longer being tied to EverSource.
One of the many reason I’ll be leaving the state.
Going to Mass? Eversource is there, too.
Wind powered electric heat is so expensive I’m switching over to burning coal this winter. 😜
Lmao, the Eversource CEO thinks we are stupid. Well, yes, most of us are.
The Biden administration’s war on energy has hurt our country . I also feel Ct. has a target on its back because we are supposedly a very affluent state. I am retired and it’s getting very hard to deal with all this. I’m hoping the Trump leadership can somehow get us some relief.
What role do the Feds play in a state regulated utilities? I thought the GOP was all about state rights?
@ Give Trump some time, I think he will help with energy costs. Can’t be any worse than Biden who did nothing . Some states like here in Ct. our politicians are in bed with Eversource, our main utility. Plus Eversource upper management’s income is off the charts so I think something has to give somewhere. I am retired and on fixed income and I dread seeing the electricity bill.
@@JoJo-11of11 EverSource is beholden to make money for it's shareholders; not provide energy at affordable prices. Trump is the President of billionaires, corporations and of the stock market. Not of the common man.
He only cares on the optics and bases his performance as President, on how well the stock market is doing.
Based on the incoming administration philosophy, it's your fault that you are not invested in the stock market or a millionaire.
@@JoJo-11of11 EverSource job is to make money for it's shareholders. Trump is the President of the rich and corporations.
Based on this it's your fault that you're not taking part in the stock market.
Stop expecting government hand-outs and get a job.
This is the most expensive and at the same time decaying state in US I have ever lived. And somehow people here are okay with getting screwed over
I'd like to see Eversource profits.
We live in a 1900sq foot house .. we have energy efficient bulbs in everything .. we have propane heat .. our bill is $800 a Month ... and public benifits portion is $200 ... what gives ???
Can someone help ???
@@danieledwards7178delivery charge can vary depending on whaat town you live in as well. My delivery charge is generally more expensive than KW used
Thank you so much for this amazing video! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
Wow, @MelbaAjay, what a thoughtful way to protect your cryptocurrency assets-by posting your entire seed phrase in a public TH-cam comment section. 🥴 Bravo! 👏👏 Truly groundbreaking security measures here, folks! 🏆
Let me get this straight: you're asking the internet how to transfer funds from your SafePal wallet (which you just handed the keys to) into Binance? 🤔 Oh, and you’ve conveniently included your seed phrase-the literal master key to your wallet-for any random passerby to grab. 🏃♂️💸 Because who doesn’t love an open invitation to empty your funds?
For anyone reading this who might not know, a seed phrase is NOT something you share with anyone. Not with me, not with your best friend, not even with your pet goldfish 🐠-and DEFINITELY not in a TH-cam comment section! Why? Because with that magical set of 12 words, anyone can access your wallet faster than you can say “Oops.” 😬
Now, Melba (if that’s your real name… 👀), let’s dive into the sheer genius of this comment:
1️⃣ Alarm fetch churn bridge exercise tape speak race clerk couch crater letter - Ah yes, the perfect "password" for the aspiring crypto thief lurking here. 🎯 You’ve just handed over the digital equivalent of a bag of cash and said, “Here, take it!” 🛍️💸
2️⃣ If you’re truly trying to transfer USDT (Tether) from SafePal to Binance, here’s what you should have done (WITHOUT posting your seed phrase!):
Open your SafePal wallet.
Generate a deposit address on Binance for USDT.
Withdraw your USDT from SafePal to that Binance address. Simple as that! 🙄
3️⃣ However, since you’ve just publicly shared the seed phrase, your wallet is now about as safe as a sandwich at a seagull convention 🥪🦅. If this comment is genuine (hard to believe 🤷♂️), you need to IMMEDIATELY:
Create a new wallet.
Transfer ALL your assets out of the compromised wallet ASAP. 🚨
And most importantly, never share your seed phrase again. EVER.
4️⃣ But… let’s address the elephant in the room 🐘. Is this even real? Your comment is giving off some serious “phishing for clicks” vibes. Are you genuinely this naive, or is this a baited trap to draw in scammers or sympathetic replies? Either way, this post is a goldmine for crypto theft. Congratulations, you’ve officially won the "How Not to Crypto" award 🏅.
Lastly, for anyone else reading this, let Melba’s comment be a lesson in what not to do. Sharing your seed phrase is like leaving your house keys on your front porch with a sign that says, “Keys here! Feel free to let yourself in!” 🏠🔑🙃
Melba, if you’re serious about learning how to transfer your USDT without donating it to the entire internet, feel free to delete this comment and start over. But for now, let’s hope no one’s wallet gets looted because of this free-for-all seed phrase giveaway. 😬🔐
Deregulation gave us this? A single powerhouse/political piggy bank power company😮😂😂😂😂😂. Success is expensive.
Again
This is the most expensive and at the same time decaying state in US I have ever lived. And somehow people here are okay with getting screwed over