Theft of electricity is big business. Whether it’s misguided individuals trying to save on energy costs or organized crime and corrupt utility insiders conducting massive widespread fraud, the loss of revenue from electric power theft is in the billions. According to a report by the Institute of Electricaland Electronics Engineers (IEEE), the theft of electricity in the US is estimated at $6 billion. When purchasing a commercial property, or entering your next lease, it is important to keep this in mind and keep watch on your electricity usage.
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Commercial Real Estate Updates, Residential Real Estate Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Peter Bauman - Senior Associate at Tharpe & Howell, LLP | Attorney Advertising