"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 - The Great Escape - by Dave Hollrah. It all began Monday with a little baling of second crop on the lake shore field, and as I drove out past my sister and her hubby's place, this small calling sound could be heard from the general direction of their manure pile. Out of the yard, over the cows and bale piles, through the dozer piles, poplars, and brush, out onto the ditch grade road, past the noisy 6.2 diesel engine pulling my well traveled Suburban along. Well it sure didn't take me long to figure out what it was because I alrea
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