Why Are Companies Feeling “Entitled” to Their Past Revenue/Margins?

One of our major utility companies just filed a rate increase proposal to make up for lower energy demand (they’re big on conservation). Interesting logic and even more interesting expectation. Likewise, we’re hearing large banks say they have to “make up” for lost revenues after being stopped from collecting unsupported fees. In both cases, companies are considering current income/profitability as an “entitlement.

 

Does this strike you as decidedly un-capitalistic, even for a regulated utility?

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