Wednesday, March 02, 2011

The Utilities: Doing In Their Customers for Profit!!

Reading the headline might give one the impression that I've joined the Left-O-Wacky parade.

Wrong deduction.

Top power company CEOs rained on the Republican parade Tuesday as Congress eyes legislation forcing an outright halt to EPA climate change rules.

The leaders - from American Electric Power, NextEra Energy, Southern Co. and Dominion Resources - said to varying degrees that they support allowing the EPA to proceed on a "reasonable" time frame on greenhouse gas rules for power plants, petroleum refiners and other major stationary sources. --Politico, quoted at AmSpec

NextEra is a windmill-house. 'Nuff said.

As to the rest: their motto could be "Frankly, my dear, I don't give a damn." See, just like with the Wisconsin utilities who caved in on Doylet's energy plan (Last One Outta Here, Please Turn Off the Lights), the utilities are NOT concerned with cost/benefit.

The utilities are guaranteed a profit, no matter how stupid, inane, or un-workable the Gummint-mandated plan. "Wanna burn grass? Leaves? Dirt? Water? No problem-o! The consumer pays for it, we don't!"

It's long past the time when utilities had the interests of rate-payers/consumers at heart. Now it's only a matter of kowtowing to the Zeitgeist.

Keep that in mind.

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