Another advocate for burying the power lines - Assemblyman @JeffreyDinowitz.
The @NYSDPS could certainly require Con Ed to bury its lines. But the cost would be borne on utility bills.pic.twitter.com/i03R18djOa
Dinowitz, like most people, clearly has no idea how utilities profit. The reality is that they would love to bury lines since that would increase the ratebase and allow more profit. Utilities only make money on capital invested (ROE). Saving money does NOT increase their profit.
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If the electric lines are not buried, it is because the ratepayers, or those who represent them, have objected to the cost of burial. Shareholders should like to see the lines buried.
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Similarly, if the utility isn't spending enough on vegetation management, it is because ratepayers don't want to pay for it. Ratepayers pay ALL utility expenses. Reduced expenses have no impact on shareholders who only profit from capital investments.
End of conversation
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