"Just wondering how the financing of such is handled"
In Louisiana we pay the bill.
Since it is a monopoly our electric rate is set by the public service commission. This gives the electric company what they call a fair rate without them just raising rates because they want more profit. If a storm goes threw our area the electric company goes to the commission and pleads their case about the unforeseen expense that was not considered when the rate was negotiated. The commission then grants the electric company a Storm Restoration Charge. The electric company then makes a loan to pay for the repairs and we pay the loan back with the Storm Restoration Charge that is added to the bottom line of our bill. I currently pay about 4.5% of my bill toward this loan.
The way I understand it we only pay for our area. Lake Charles and I use the same electric company. But this storm will not effect my bill just like Katrina did not effect their bill.
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Today's Featured Article - Hydraulic Basics - Part 2 - by Curtis Von Fange. In the last entry to this series we gave a brief overview of hydraulic system theory, its basic components and how it works. Now lets take a look at some general maintenance tips that will keep our system operating to its fullest potential. The two biggest enemies to a hydraulic system are dirt and water. Dirt can score the insides of cylinders, spool valves and pumps. Wate
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