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Would More Regulation Put the Lights On?

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  • Description

    FBN's Liz MacDonald on the backlash against utilities in wake of Hurricane Sandy.

  • Duration 1:39
  • Date

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Anything and later in the show we explain why did drop the TH out of the middle of nor Easter by both the New York governor and the New York City mayor attacking utilities for their dismal performance after hurricane sandy but -- more regulation.

Do anything to the lights back on.

Under Cuomo's steadily ratcheting up their record I have rhetoric rather -- -- something he's saying now know god given monopoly.

That is what utilities cannot expect in the future and here's a governor yesterday -- utilities take a listen.

The say that I am angry to say that I am frustrated.

Disappointed.

Would be the understatement of the decade.

I think the utility companies have not performed adequately and I promise the people of this state that they will be held accountable.

For their lack of performance.

Just finds that revocation of licenses watch out utilities.

But the backlash against the utilities this is -- -- we're hearing from the power companies.

There maybe it may be a push to force them to during the power lines receive -- Germany and the Netherlands but the utility and saying wait a second that's really expensive didn't work Katrina and it's really expensive to check the power lines once very concrete utility -- not wouldn't.

Prepare for fourteen foot plus waves.

Drone aircraft and may need to -- to -- hotspots.

And bigger work crews that -- something utilities they -- sixteen times you know earnings multiple.

And the highest -- and valuations and years and as a reason because.

The government's putting the onus on them to do it but they have to pass -- along somehow so that means rate increases for consumers so that's how they get their profits but of course thank you --

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