Director Karl Rábago interviewed for CNBC article on utility rates
Karl Rábago, the new Director of the Pace Energy and Climate Center, was interviewed for an article posted to the CNBC website. The writer asks why utility bills are not getting cheaper and explores the issues of regulation, security, and advances in technology.
“At a progressive utility, they may say, ‘We’re willing to take the hit, but we have a responsibility to shareholders. We’re willing to do this at no growth, but we need an earnings opportunity,’” Rábago is quoted as saying. “And that’s often where things derail. What ends up driving the conversation: ‘How will this hurt sales of electricity?’”
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