It is no longer news that last week’s tropical storm caused unbelievable, long-term power outages here. Eversource’s failure to adequately respond to the storm and restore electricity was bad enough, but it came right on the heels of significant rate hikes — hikes that would supposedly help pay for investments in a modern and secure delivery system.
So, how did we get here? The answer is a picture-perfect example of monopoly and profiteering run amok. Let’s start from the beginning: