BUSINESSLOUISIANA ILLUMINATOR
As private equity creeps into Louisiana utilities, ratepayers face an uphill battle
Cindy Case-Brown and Connie Norris are opposing Magnolia Water's rate hikes and acquisition of a St. Tammany Parish sewer system. Magnolia, a private equity-backed company, has acquired utility systems across Louisiana, leading to annual rate increases and the state's highest sewer rates. The Louisiana Public Service Commission (LPSC) typically approves these rate hikes, prioritizing utility financial viability over consumer costs.
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Adjacent reporting
- Utility companies requested $9.2 billion in rate increases during second quarter, report shows
- Relief from energy bills unlikely as utilities request billions in rate hikes
- Relief from energy bills unlikely as utilities request billions in rate hikes
- Relief from energy bills unlikely as utilities request billions in rate hikes
- Relief from energy bills unlikely as utilities request billions in rate hikes