$1.6 Billion in Profit for our local utility last year
#1
Posted 26 April 2007 - 03:26 PM
#2
Posted 26 April 2007 - 07:34 PM
That wouldn't bother me so much, but the fact they said they would go bankrupt unless they eliminate the former rate freeze seems rather ludicrous. Many people in the state are seeing anywhere from 25% to 50% increases for homeowners and all businesses. The utility south of us in the state, has customers seeing 100% increase in their bills.
They were supposed to deregulate and open their markets and prices would go down. Yeah, Right. They remain a monopoly, since most customers can't switch ( except some businesses), and even those businesses are only getting 10% decreases by switching, after they start with rates 25%-50% higher.
This is why I'm hedging against my own expenses.....got long engery/oil services and utls.
ps I really like how the ults are sitting for the inter-long term.
Oh and here in So Cal my energy bill goes Down by 30% in the summer when I start to run the air conditioning.! Now that's my kind of cool.
Edited by Mr Dev, 26 April 2007 - 07:35 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#3
Posted 27 April 2007 - 05:35 PM
Edited by Mr Dev, 27 April 2007 - 05:37 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!