So if they have a poor credit rating, when they take out loans for their projects, they pay high interest rates that can equate to hundreds of millions of dollars that gets put on the back of the ratepayers. So Having a healthy utility is actually cheaper for the ratepayer because the utility can get loans at a low interest rate. Yeah, but again, I'm going back to the timing and waiting a couple of days more doesn't make any difference to you one way or the other. (31:34–31:40)
CLAIM
Asserts that a healthy utility results in cheaper costs for ratepayers due to lower interest rates on loans.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
