After 9/11 and into the new year interest rates plummeted and I ended up investing the entire sum in Con Edison because at the price I paid my dividend was about 6.75%
while savings interest and CD interest were almost non-existent. No offer has ever topped what I'm earning based on that initial investment and I continue to reap the benefits of reinvested funds.
I pay a portion of the ConEd bill for the shared NYC condo I use as a U.S. base, but that doesn't amount to much. I do note, however, that the "deliver" charge for electricity is 2.5 times the cost of the energy itself, which would anger me if I was not benefiting from my investment.
Message Thread Should it be illegal for utility companies to have stockholders? - scott July 11, 2025, 9:00 am
- GOG July 20, 2025, 8:48 am
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