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Post by bobbbiez on Mar 17, 2009 9:57:15 GMT -5
 Did anyone else hear about some of our legislators wanting to put a cap on the cost of our electricity here in NYS? Just caught the tail end of the announcement late last night and I hope I'm hearing right.  If it's true, it's about damn time! I've been saying that about Niagara Mohawk and NationalGrid for years now for both our electricity and gas. These are companies raking in our last dollars and making fortunes off of us but yet have been untouchable by all. Besides the fact I believe they are a monopoly and that in it self is suppose to be against the laws.  Some say they aren't a monopoly because there are a few other companies you can choose from but one still has to pay NationalGrid a delivery charge which pushes up your bill higher then NationalGrid charges. In my book that is a monopoly. 
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Post by frankcor on Mar 17, 2009 10:47:16 GMT -5
Price fixing accomplishes only one thing -- it limits supply.
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Post by bobbbiez on Mar 17, 2009 12:23:54 GMT -5
and if they don't fix prices, it limits money one has to continue service and pay the bills.
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Post by frankcor on Mar 17, 2009 12:40:12 GMT -5
Either way, we'll end up living in caves burning candles.
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Post by bobbbiez on Mar 17, 2009 12:42:38 GMT -5
Sounds about right.  I'll bring the candles, you find the cave.
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Post by frankcor on Mar 17, 2009 12:49:04 GMT -5
Bring some ammunition too. Candles will draw thieves.
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Post by bobbbiez on Mar 17, 2009 18:24:23 GMT -5
With my pleasure. Planned on it anyways. Really need some target practicing anyways. ;D I'm making a new rule. No laws applied when it comes to protecting our candles and caves. 
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Post by dgriffin on Mar 18, 2009 22:05:00 GMT -5
Did anyone else hear about some of our legislators wanting to put a cap on the cost of our electricity here in NYS? Just caught the tail end of the announcement late last night and I hope I'm hearing right. Great political circus act. Never happen. They're not about to clamp down on the industry that feeds the lifeblood of a faltering economy. Besides, don't take your eye off the ball. Nuclear is back. Watch for it to become "absolutely necessary for our nation's survival." Which I believe to be the truth. We all better pray they do it right this time, however. Otherwise, we'll blow ourselves to China, if they don't blow themselves to us first. I have no idea what price controls exist over the power industry these days ... probably none, effectively ... but a long, long time ago in New York State power companies were limited by their capital investment. They could only make profits commensurate with their investments and they were held to that by the state's Public Service Commission as a means of assuring continued improvements in power generation and distribution. Now you know why Nuclear excited NiMo and Central Hudson and Con Edison executives so much they had to walk around with their brief cases held in front of them. Such a huge investment would result in huge profits, according to the PSC formula. When they realized that nukes would produce power beyond what was needed, NiMo for one (I was interning there at the time) created a marketing department and fell in line with the national induced euphoria about Total Electric Golden Medallion Homes, factory infrared heating, heated swimming pools ... anything that would suck up kilowatts. Alas, along came Three Mile Island, a scare, and then Chernobyl, an atrocity that even today is still under-appreciated as the absolute worst industrial accident of all time. I think of nuclear power as inevitable. I also think of it as I do terrorism and consider not IF something awful will happen, but WHEN. And smarter people than I have figured out that if you don't let the price of any form of energy float to its natural level in the marketplace, so-called alternative energy products will never be developed and find their way to your wall outlet. And they won't be cheap. Not to buy, anyway. That's why solar and wind and hydro went off to hide in the closet for 30 years when the price of oil declined and stayed under the inflation curve. |
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Did anyone else hear about some of our legislators wanting to put a cap on the cost of our electricity here in NYS? Just caught the tail end of the announcement late last night and I hope I'm hearing right. 
