Edison wants to raise rates 30%

Edison wants to raise rates 30%

There are 23 comments on the Daily Breeze story from Jul 21, 2008, titled Edison wants to raise rates 30%. In it, Daily Breeze reports that:

Soaring fuel prices and the need to replace aging electric lines will prompt Southern California Edison to seek rate hikes of more than 30 percent later this year, it was reported today.

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School Bond

West Hollywood, CA

#1 Jul 21, 2008
and then they want to have a bond too
Time to move to Nevada
Bye Frank
Dan
JDR

Huntington Beach, CA

#2 Jul 21, 2008
30%, raise it 70% Californians can afford, it trust me.
Ron

Redondo Beach, CA

#3 Jul 21, 2008
Energy is not cheap...one way to save....use less.
stay at home mom

Westminster, CA

#4 Jul 21, 2008
Everything keeps going up but my pay check....retirement whats that !!!!!!!!!!
Going Up

Manhattan Beach, CA

#5 Jul 21, 2008
When I was in college, gasoline went from 23 cents/gallon to 43 cents/gallon. A new Mustang was $2,500. And a house was about $20,000. So what has changed except the value of your money?
Fire Starters

Los Angeles, CA

#6 Jul 21, 2008
Edison has been found responsible for some massive fires in recent history here in the southland due to their aging equipment and lack of maintenance. I can't see paying such a big rate hike UNLESS Edison becomes fully responsible for the costs they hoist upon taxpayers for the negligent behaviors. They have capital budgets and administrative law requiring them to invest in their infrastructure to keep us all safe from such disasters caused by their equipment....make them restructure their company and a heavy audit to see where these funds have gone and why they haven't been held to the PUC's mandates as well as the 'administrative law' designed to protect the public from such abuses as this rate hike appears to be.

Maybe a ban on decorative outdoor lighting is an option rather than a rate hike applied to every customer...I don't appreciate subsidizing other individual's greedy consumption of resources.
surf morongo

AOL

#7 Jul 21, 2008
Edison is a public utility, that means granted an exclusive license to provide a service to the public. Edison's stockholders make money hand over foot over the years because this is a strong stock.

With the current rate of inflation an Edison price increase will leave many to make some choices they cannot afford to make.

The answer is this, let the public decide if Edison's monopoly should be broken in the next election and open the market to competition. This state voted to deregulate utilities years ago, but Sacramento keeps allowing Edison to proceed unchalleneged.
Native

Phoenix, AZ

#8 Jul 21, 2008
Fire Starters wrote:
Edison has been found responsible for some massive fires in recent history here in the southland due to their aging equipment and lack of maintenance. I can't see paying such a big rate hike UNLESS Edison becomes fully responsible for the costs they hoist upon taxpayers for the negligent behaviors. They have capital budgets and administrative law requiring them to invest in their infrastructure to keep us all safe from such disasters caused by their equipment....make them restructure their company and a heavy audit to see where these funds have gone and why they haven't been held to the PUC's mandates as well as the 'administrative law' designed to protect the public from such abuses as this rate hike appears to be.
Maybe a ban on decorative outdoor lighting is an option rather than a rate hike applied to every customer...I don't appreciate subsidizing other individual's greedy consumption of resources.
Our government (and therefore, US) paid for the infrastructure to "electrify" the country. That's why the power company is a public utility. If we all had not paid for the electrification, none of us would now have electricity. Look at Hoover dam for an example of the government's contribution to our power infrastructure.

Banning outdoor lighting is one of the stupidest ideas I've seen posted here. It ranks up there with government mandated controls on our thermostat settings... Oh wait... That might actually happen! If a person or company can afford to pay for the power, they should be allowed to buy it. More government control is not the answer; LESS government control is.
Thomas Alva Edison

Arcadia, CA

#9 Jul 21, 2008
Fire Starters wrote:
Edison has been found responsible for some massive fires in recent history here in the southland due to their aging equipment and lack of maintenance. I can't see paying such a big rate hike UNLESS Edison becomes fully responsible for the costs they hoist upon taxpayers for the negligent behaviors. They have capital budgets and administrative law requiring them to invest in their infrastructure to keep us all safe from such disasters caused by their equipment....make them restructure their company and a heavy audit to see where these funds have gone and why they haven't been held to the PUC's mandates as well as the 'administrative law' designed to protect the public from such abuses as this rate hike appears to be.
Maybe a ban on decorative outdoor lighting is an option rather than a rate hike applied to every customer...I don't appreciate subsidizing other individual's greedy consumption of resources.
Massive fires? Where?
Aging infrastructure? Yes, just like our freeway system, Edison's transmission system needs to be replaced. Who should pay for it? Those that use it.

Edison must request funding for infrastructure replacement from the California Public Utilities Commission. Only if the CPUC approves the funding request, can Edison replace or upgrade their transmission system.
LOL

Anaheim, CA

#10 Jul 21, 2008
Our infrastructure; electric, sewers, underground piping for transporting chemicals and oil, is old and cannot support the current and past years population growth.

Not sure how much profit SCE has put into maintaining, upgrading their equipment in the past...but I'm curious to know. I have a feeling not enough. And now, the average person is expected to pay the price for their lack of oversite...and/or greed.

You know what's is potentially an even worse problem? Our water and gas/oil systems underground. Old, old, old.

Imagine what a large earthquake is going to do under Torrance, El Segundo, Wilmington.

Oil files like you've never seen before.
Thomas Alva Edison

Arcadia, CA

#11 Jul 21, 2008
surf morongo wrote:
Edison is a public utility, that means granted an exclusive license to provide a service to the public. Edison's stockholders make money hand over foot over the years because this is a strong stock.
With the current rate of inflation an Edison price increase will leave many to make some choices they cannot afford to make.
The answer is this, let the public decide if Edison's monopoly should be broken in the next election and open the market to competition. This state voted to deregulate utilities years ago, but Sacramento keeps allowing Edison to proceed unchalleneged.
Edison stockholder's make money hand over foot?
Utility stocks typically pay a few dollars a year in dividends. You call that hand over fist?

Deregulate the utilities? Where were you in 2001? Deregulation did not work. In Califoria we need conservation (use less electricity) and new sources for power generation (wind, solar). Generating electricity with natural gas will result in rate hikes for the forseeable future.
Karen

Hawaiian Gardens, CA

#12 Jul 21, 2008
Between gas & food price increases people are living on the edge. The gap between rich and poor continues to grow to predepression rates. How many more large companies are going to gouge the American people before congress grows some balls and starts doing something??
Thomas Alva Edison

Arcadia, CA

#13 Jul 21, 2008
LOL wrote:
Our infrastructure; electric, sewers, underground piping for transporting chemicals and oil, is old and cannot support the current and past years population growth.
Not sure how much profit SCE has put into maintaining, upgrading their equipment in the past...but I'm curious to know. I have a feeling not enough. And now, the average person is expected to pay the price for their lack of oversite...and/or greed.
You know what's is potentially an even worse problem? Our water and gas/oil systems underground. Old, old, old.
Imagine what a large earthquake is going to do under Torrance, El Segundo, Wilmington.
Oil files like you've never seen before.
California's regulated utilities are not required to use "profits" for infrastructure maintenance. Regulated utilities do not operate like retail businesses. Utilities do not profit on the sale of electricity. Utilities earn a profit by earning a return on their capital investment in their infrastructure. However, just like electric rates, capital funding must be approved by the public utilities commission.

And yes, the average person, or electricity user, is expected to pay for infrastructure replacement. Those that use the service pay for it, that's the California utility code.
Herb Glotz

Capistrano Beach, CA

#14 Jul 22, 2008
Southern California Edison has proved time and again to extorting the rate payers and the citizens in general. They falsified their customer satisfaction surveys. They falsified their health and safety records. They dump Tritium into the ocean at their San Onofrie facility in So. Orange County.

Edison has been provided money in the past to upgrade and maintain their system--instead the money went into excessive executive bonuses and the funding of Edison International which promply miss spent the funds in poor investments. Example a power plant in an Southeast Asian country--that once build with Edison money was promptly nationalized losing over &1 billion dollar investment. John Bryson is an incompetent CEO and so is the rest of the company executives.
The California Public Utilities Commission has also been either complicit with this inept company of totally negligent in their oversight responsibilities.

The only answer is--install your own solar panels and tell Southern California Edison to take a hike to hell where they belong.

“bamboo forest and an iced tea”

Since: Jul 08

Location hidden

#15 Jul 22, 2008
lol they want 30% your income and gov't want 56% of your income and you get 24% your self for food
Thomas Alva Edison

Arcadia, CA

#16 Jul 22, 2008
Herb Glotz wrote:
Southern California Edison has proved time and again to extorting the rate payers and the citizens in general. They falsified their customer satisfaction surveys. They falsified their health and safety records. They dump Tritium into the ocean at their San Onofrie facility in So. Orange County.
Edison has been provided money in the past to upgrade and maintain their system--instead the money went into excessive executive bonuses and the funding of Edison International which promply miss spent the funds in poor investments. Example a power plant in an Southeast Asian country--that once build with Edison money was promptly nationalized losing over &1 billion dollar investment. John Bryson is an incompetent CEO and so is the rest of the company executives.
The California Public Utilities Commission has also been either complicit with this inept company of totally negligent in their oversight responsibilities.
The only answer is--install your own solar panels and tell Southern California Edison to take a hike to hell where they belong.
False customer satisfaction surveys and under-reporting of employee injuries...yes that happened.

Exortion? When? Where? How?

Using funding for system maintenance for executive bonuses? That's news to me. Got any proof?

What negligence are you speaking of?

If you want a lower electricity bill, use less electricity.
Knwn

Sunland, CA

#17 Feb 19, 2009
JDR wrote:
30%, raise it 70% Californians can afford, it trust me.
Are you insane? Californians can't afford an increase like that. Lets face it most are receiving welfare or some form of government assistance.
george burnett

AOL

#18 Feb 19, 2009
if you can't pay the bill,you will have to get by with less energy.check out the led lights from c.craine company.i have been \very happy with mine.
Solarman

Cathedral City, CA

#19 Feb 19, 2009
Karen wrote:
Between gas & food price increases people are living on the edge. The gap between rich and poor continues to grow to predepression rates. How many more large companies are going to gouge the American people before congress grows some balls and starts doing something??
The last election, who did you vote for? Democrat or Republican? It would be up to the people to VOTE for a change, that just might mean voting for some other political party and changing the power structure from Dem. or Rep. to ? Indepedent, Libertarian, Reform Party. As for power, if you own your own home use the California solar initiative and put a grid tied solar PV system on your roof. In Edison territory even a small system 2 to 3KW peak could keep you out of the top tiers and save money on the electric bill. Check www.gosolarcalifornia.ca.gov . With the recent Federal tax credit for renewable energy increased to 30% from the 2,000 maximum last year, you could take a 20 to 30K system and bring the installed cost down to 11 and 16.5K. As energy prices rise, the system will pay for itself much quicker, maybe in the 10 to 15 year range.
mainttec

Henderson, NV

#20 Apr 21, 2009
Thomas Alva Edison wrote:
<quoted text>
False customer satisfaction surveys and under-reporting of employee injuries...yes that happened.
Exortion? When? Where? How?
Using funding for system maintenance for executive bonuses? That's news to me. Got any proof?
What negligence are you speaking of?
If you want a lower electricity bill, use less electricity.
I BET YOU WORK FOR EDISON, YOU WANT PROOF OF BONUSES LOOK AT YOUR BANK BALANCE AND ASK TO SEE THIERS OR JUST MAYBE YOUR A CEO?? HELL YES I LIKE MY PAY + BONUSES AND I WANT MORE (LOL) THERE STUPID JUST RAISE THE RATES THEY'LL PAY IT. NO ONE CAN STOP ME. I'M TO POWERFUL AND RICH. I WANT MORE.

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