Investor Fairness

I remember the letter from Enbridge very well. They explained why our gas bill would be going up. Apparently, Enbridge guarantees their ? bondholders? a return of eight percent. Apparently Enbridge was going into some investments that would not earn eight percent. So, to make up for the shortfall, all our gas bills were going up.

This makes it sound amazing to be on the right side of this Enbridge returns business. They can invest as badly as they wish, and make the homeowners (who essentially are at the mercy of a monopoly) pay for their misjudgments.

Now for the dumb question: Does this seem fair to you? Is this another part of the war on the middle class: pay the insiders, raise fees for mere homeowners? And what do you suppose our various governments did about this?  All dumb questions.

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