Showing posts with label Gray Davis. Show all posts
Showing posts with label Gray Davis. Show all posts

Friday, March 13, 2015

Selling off Power Plants to cut rates???

Heard about this on NHPR fm this morning.  The public utility commission is going to force Eversource (nee Public Service of New Hampshire, my electric co.) to sell off it's power plants.  Some coal and some hydro.  The buyer is only going of offer about $20 million for the plants.  The state allows that they are worth about $400 million and promises to make up the difference to Eversource.  This is supposed to raise my electric rate ONLY 0.4 cents a kilowatt hour.  I'm already paying 25 cents a kilowatt hour, which is the highest in the US.  Then there was some more fast talk about how all this would come out OK for ratepayers in the distant future.  No mention about costs to tax payers either this year or in the "out years".. 
   Which would force Eversource to become a poles and wire and electric bills company who buys the power on the spot market and passes the cost on to us ratepayers.  When the price spikes Eversource just waves its hands and says the spot market is rigged.  Last state to fall for this scam was California.  And when the CA electric bills spiked they impeached the governor, Gray Davis.  The special election CA held to fill the governor's office was won by Arnold.
  Sounds like some Concord sharpies are out to skin us ratepayers.