"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 - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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