Biden's war on fossil fuels

[TheGlyphstone]

That sounds like a major conflict of interests to me. If they get a percentage of the total cost, then surely someone has to oversee them directly, right? Or do they just give a kick back to the governor for their continued cooperation?

Oh, it's a gigantic conflict of interests. I'm not sure it's better in the states where the PUC members are elected directly though, because now the companies can just directly fund election campaigns for commissioners who will approve their requests. And the utility companies still get a percentage of the total cost as profit there too - it's part of their federal-level status as 'regulated monopolies' where they're given exclusive, non-competitive territories to supply to (which is also a problem in its own right).

https://www.nrdc.org/experts/jc-kibbey/utility-accountability-101-how-do-utilities-make-money
https://www.sightline.org/2020/05/18/playing-monopoly-or-how-utilities-make-money/