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Then come to WV - I'm hearing a lot of business owners here talk about.
Also a lot of talk about it in the news and the stock market is "talking" about it a lot.
I could see the concern in West Virginia. Due to a lack of employment diversification the state relies heavily on the coal industry. Only makes sense to be concerned when your gravy train has a chance of derailing. Hopefully there will be concessions on both sides because as of right now it seems the argument is all or nothing with regard to mining. I mean in reference to environmentalists vs. energy companies.
The stock market started dropping long before Obama came into office and would be in it's current state regardless of who won the election. Not really news there...
Nice. You sir are surely bringing a positive image to your state.
Quote:
Originally Posted by Mathguy
Yeah, I think its wrong to shoot people I disagree with. Maybe to stop them from ramming a school bus or something....but in this case? I'd be curious to hear you defend murder in this situation. I'm all ears.
Jeez, it's a tongue in cheek comment! When was the last time you actually saw any lynch mob with torches and pitchforks running the streets in America?
As I said earlier, part of the reason they want a rate increase is the fact that they just lost their largest customer in the state. Now if you need more proof as to what is happening a thousand miles from you, Google.
Last edited by Two-Rivers; 03-10-2009 at 09:48 PM..
Reason: edited for those with reading comprehension limitations
I could see the concern in West Virginia. Due to a lack of employment diversification the state relies heavily on the coal industry. Only makes sense to be concerned when your gravy train has a chance of derailing. Hopefully there will be concessions on both sides because as of right now it seems the argument is all or nothing with regard to mining. I mean in reference to environmentalists vs. energy companies.
The stock market started dropping long before Obama came into office and would be in it's current state regardless of who won the election. Not really news there...
The coal companies probably are greatly concerned. However, the business people I know talking about it are in no way affilliated with coal companies and are not affected by what happens to them.
Would be in it's current state? The housing crisis was a large part of the problem but you should perhaps do some reading about Obama's statements, how the market has reacted, and the reasons behind it.
Here's some reading to get you started: Obama's First 50 Days: Devastating to Taxpayers: PRNewswire Business News - MSN Money (http://news.moneycentral.msn.com/category/topicarticle.aspx?feed=PR&Date=20090310&ID=9684293 &topic=TOPIC_ECONOMIC_INDICATORS&isub=3 - broken link)
Aren't they REQUESTING a rate increase and it hasn't even gone through yet? If you feel it is unwarranted and unfair...you absolutely should call your representative and have them vote against this. If you are right, then you save some money, if you are wrong then the place goes bankrupt and your state has to bail them out with your tax money.
It goes through the PSC for approval.
Regardless of how the utility packages the increase, the fact that the commodity price is dropping, and in some cases going to the floor, is a bitter pill for any end user to accept.
I'd speculate the utility, faced with decreasing demand, is also looking to maintain a consistent set of cash flows. Lord knows the CEO doesn't want to take a hit on his 9.7MM gravy train while everyone is tightening their belts.
Hmmm...so it's cool to murder people with highpowered rifles but not to question other factors. I would respectfully disagree with your ethics and decision that living across an arbitrary line would impact my freedom of speech with regards to such matters. I would be happy to honestly debate such matters with you, feel free to start any time.
Ethics has nothing to do with it. Fact is- you ain't saying anything wortwhile but snarking at others.
So what's there to debate? How to not be an as*shole?
FutureGen may be back in line - but I doubt it. Chu has said he may consider renewing it. Don't think FutureGen would directly affect WV, our coal, our energy but may be a good thing for us.
Quote:
The Energy Department made a $500 million math error a year ago when it withdrew its support from a “near-zero emissions†coal plant in Illinois, Congressional auditors will say in a report to be released Wednesday.
At the time, FutureGen was the leading effort to capture and sequester carbon dioxide, the main heat-trapping gas linked to global warming. If the project were resumed and proved successful, it could provide a model for curbing the carbon dioxide that coal adds to the atmosphere. http://www.nytimes.com/2009/03/11/sc...gy-environment
Regardless of how the utility packages the increase, the fact that the commodity price is dropping, and in some cases going to the floor, is a bitter pill for any end user to accept.
I'd speculate the utility, faced with decreasing demand, is also looking to maintain a consistent set of cash flows. Lord knows the CEO doesn't want to take a hit on his 9.7MM gravy train while everyone is tightening their belts.
I 100% agree with you that the CEO pay for this type of jobs seems REALLY high. Me personally, I would contact my rep about this point.
You are completely right about the commodity prices falling and that is confusing to the end consumer. However, the way the state sets their pricing guides...rates are SET and then adjust for the past things. So, when the rates shot up for many of us around the country (temporarily) they didn't in places with this type of pricing structure.
So, people here seem to be proposing that if commodity prices spike the company should eat the loss and NOT pass it on in the next rate period?
I'd be curious to see the breakout of costs between the commodity, environmental etc. pieces and see what is going on.
I 100% agree with you that the CEO pay for this type of jobs seems REALLY high. Me personally, I would contact my rep about this point.
You are completely right about the commodity prices falling and that is confusing to the end consumer. However, the way the state sets their pricing guides...rates are SET and then adjust for the past things. So, when the rates shot up for many of us around the country (temporarily) they didn't in places with this type of pricing structure.
So, people here seem to be proposing that if commodity prices spike the company should eat the loss and NOT pass it on in the next rate period?
I'd be curious to see the breakout of costs between the commodity, environmental etc. pieces and see what is going on.
The rate increase request contains not only purchased commodity pass throughs, but future CapEx costs.
And no offense, but the only utility where I have EVER seen a rate decrease for a purchased commodity charge is NG. I have never in my entire adult life seen a decrease in purchased electric rates, regardless of the price of the commodity.
So in theory- yes it should bounce around. However reality dictates otherwise.
Last edited by Threerun; 03-11-2009 at 08:39 AM..
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