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Avista’s ethics on display
In The Spokesman-Review article of March 22, Vice President Kelly Norwood is quoted as saying, on the subject of the chairman’s pay, “The rest is paid by shareholders and comes out of company profits.”
And where do the profits come from? Most from the rates paid by, you guessed it, customers. Norwood must think the customers, and maybe even the regulators, are stupid enough to fall for that.
If this shows the typical self-serving logic and lack of ethics prevalent in the corporate world, should anyone be surprised? Reminds me of the “it doesn’t cost anything, it’s government money” school of logic.
I suggest the regulators cut Avista’s “rate of return” by the inflation-adjusted decline that the average customer has endured over the last 10 years, instead of granting yet another rate hike.
Larry Blanchard
Spokane Valley