Utility used rate increase for bonuses, not repairs

[patric]

"The company has a history...of deferring repairs and using maintenance money for other purposes. In one infamous case, a 1998 report from the Public Utilities Commission found that the utility had taken $77.6 million that was supposed to be spent trimming trees near power lines and used it to boost corporate profits instead."

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/09/15/BU0N1FEM36.DTL#ixzz0zuyP2waf

[sgrizzle]

Technically... if they used it for bonuses, it would not increase profits...