Save Some for the Ratepayers

December 24, 2021

 

According to the Post-Dispatch, gas bills are set to rise about 25% for St. Louis customers, to begin recovering costs from last February’s cold snap. Times are tough for the gas company, I guess.

Not that tough, though.

The CEO got a 26% raise in pay this past year, resulting in a whopping $5.6 million salary. The company says that it is rewarding her for a year of “record earnings growth”.

The salary is considered a “cost of service” and can be recovered from ratepayers.

So, the ratepayers are paying more so that the CEO can be rewarded for making record earnings—from the ratepayers.

Got it?