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One of the biggest culprits behind PSE&T's financial problems is the escalating cost of operations. **Operating an energy company is *expensive*, guys.** There's a lot involved: fuel, labor, maintenance, regulatory compliance, and more. When these costs go up, it directly impacts the bottom line. Imagine the cost of fuel. That has a huge impact on the cost of power, right? Now, add in the cost of labor, with union contracts and skilled workers, the cost can be really high. Also, maintenance is an ongoing expense. These power plants, transmission lines, and other equipment must be consistently maintained. Now, what do you think will happen if the maintenance is delayed? If the maintenance is delayed, it can lead to more costly repairs down the line, so you can see that the operational costs just keep going up. Plus, there is regulatory compliance. Following regulations is important for the safety and environment, but it can be expensive and complex. With so many of these factors, you can see how the operating costs keep piling up and causing problems for PSE&T, and now you have a good grasp of the situation.
