PPL customers need state to show lead...

PPL customers need state to show leadership

There are 36 comments on the The Morning Call story from Apr 20, 2008, titled PPL customers need state to show leadership. In it, The Morning Call reports that:

The scene in South Bethlehem on April 2 was stunning. About 200 people gathered in the middle of a weekday afternoon intending to be heard on a proposal by PPL for customers to voluntarily begin paying more on ...

Join the discussion below, or Read more at The Morning Call.

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2nd amendment

Tamaqua, PA

#1 Apr 20, 2008
What I don't understand is that PP&L is making good profits so why would they "need" to raise rates suddenly when the rate caps expire?
SmokersAreLosers

AOL

#2 Apr 20, 2008
To cover the OUTRAGEOUS salary of it's President!!

...and , they actually had the BALLS to post his wages publically...and to further spit in our faces!!
Lost America

Norwich, NY

#3 Apr 20, 2008
Let's see- We're told the due to a 'lack of foresight back then'(1996) a law was passed to save the public money by limiting the amount a company (PPL) can can raise electric rates.

We are told in smug terms how the law was passed at 4 AM as it were a crime to pass a law that saved people money on their electric bill.

Despite this law we're told "how well PPL has done financially thanks to its customers" with "record profits in 2007 ($1.3 billion, 51 percent above the previous year)."

We're told the company needs to raise their rates about 34 percent by 2010.

We're told people are "angry" but that their "anger is misdirected"!

Who wrote this crap and how much were they paid-off to write it?

I would say we should round up the author of this article, all the disgustingly greedy, soulless politicians and their CEO cronies, strip and waterboard them but that wouldn't solve the problem.

They take and take to feed their greed and treat us like stupid animals yet we continue to elect an accept their lies and twisted reasoning.

They'll happily take while the elderly, unable to heat their home, die from hypothermia and children of the poor go hungry so Jim Miller can make more than the $9.7 million he make last year.

What's wrong with this picture? When will we learn?

No one will fix it but you!

Start now- before it's too late!

Since: Mar 08

Allentown, PA

#4 Apr 20, 2008
2nd amendment wrote:
What I don't understand is that PP&L is making good profits so why would they "need" to raise rates suddenly when the rate caps expire?
It has been explained a few times, PP&L has to buy electric and for some odd reason, the sellers of this electric do not feel compelled to give it away for free so PP&L customers can live cheap.
2nd amendment

Tamaqua, PA

#5 Apr 20, 2008
LookingToEscape wrote:
<quoted text>
It has been explained a few times, PP&L has to buy electric and for some odd reason, the sellers of this electric do not feel compelled to give it away for free so PP&L customers can live cheap.
PP&L currently generates electricity and may buy some as well so why would the price suddenly jump after deregulation if they are currently making record money? Would generation or purchasing costs suddenly jump for no reason?
Bottom_Line_Is

Allentown, PA

#6 Apr 20, 2008
De-regulation is the biggest fraud on consumers. There were reasons government regulated.. BANKS, TELEPHONE, UTILITIES, INVESTMENT FEES for many years and now no longer. These are "VITAL" services.

De-regulation always results in any business going amuck.

Show me where "de-regulation" ever benefited a consumer?
Norbert

Philadelphia, PA

#7 Apr 20, 2008
PPL has to make its top executives salaries public. There is nothing new about that. Meanwhile, the company's total return approaches 50 percent over three years. Exact numbers to follow.

“Join Me in Strong Rebellion”

Since: Mar 07

Next

#8 Apr 20, 2008
Why does the Morning Call have to continue the buzz on this issue? The people have spoken and meant what they said. If you have so much to say Mcall, you should have left it on South Fourth Street as did we. By the way, How much do your "position" and "salaried" get paid? Oh, probably enough to help PPL "positioned" and "salaried" take home more moolah. Ah the business strategies. You do not have to try to dump more rethinking on an issue that was dealt with "firmly" and was "clearly" adressed.

Since: Mar 08

Allentown, PA

#9 Apr 20, 2008
2nd amendment wrote:
<quoted text>
so why would the price suddenly jump after deregulation if they are currently making record money? Would generation or purchasing costs suddenly jump for no reason?
The reasons have been published. PP&L is buying electric for the future, the here and now is immaterial. The supply contracts have come in at much higher prices and if you want the electric, you're going to pay. I own an electric plant, and you want my power and so do many others, why should I give it away to be nice? I'll open my supply up to bid and tell the bidders, show me how much you really need the power by writing nice checks. The market decides who needed the electric more.
-
Enviromentalism based on emotion has driven up the cost of virtually all energy sources and if I can paraphrase a now infamous pastor... the enviromentalist energy chickens have come home to roost.
-
Simple rule of economics... with a good supply of anything, you can't get top dollar. Enviromentalists in league with the Democrats have steadily cut off our supplies of power and the American people rewarded them with Congress. In return we were "gifted" with ethanol fantasies and higher energy prices and higher food prices and well, higher everything.
-
Now a lot of these same people who complain about prices support Clinton and Obama. Can you say "Stuck on stupid"?
2nd amendment

Tamaqua, PA

#10 Apr 20, 2008
LookingToEscape wrote:
<quoted text>
The reasons have been published. PP&L is buying electric for the future, the here and now is immaterial. The supply contracts have come in at much higher prices and if you want the electric, you're going to pay. I own an electric plant, and you want my power and so do many others, why should I give it away to be nice? I'll open my supply up to bid and tell the bidders, show me how much you really need the power by writing nice checks. The market decides who needed the electric more.
-
Enviromentalism based on emotion has driven up the cost of virtually all energy sources and if I can paraphrase a now infamous pastor... the enviromentalist energy chickens have come home to roost.
-
Simple rule of economics... with a good supply of anything, you can't get top dollar. Enviromentalists in league with the Democrats have steadily cut off our supplies of power and the American people rewarded them with Congress. In return we were "gifted" with ethanol fantasies and higher energy prices and higher food prices and well, higher everything.
-
Now a lot of these same people who complain about prices support Clinton and Obama. Can you say "Stuck on stupid"?
Then we should expect electric prices to go the way of oil.

I don't support either Clinton or Obama.
Ashes

Slatington, PA

#11 Apr 20, 2008
2nd amendment wrote:
What I don't understand is that PP&L is making good profits so why would they "need" to raise rates suddenly when the rate caps expire?
To pay the CEO's and desk people more money! They really need it, they are starving!

Since: Mar 08

Allentown, PA

#12 Apr 20, 2008
2nd amendment wrote:
<quoted text>

I don't support either Clinton or Obama.
A good sign of your wisdom.
Gerald Ford

Center Valley, PA

#13 Apr 20, 2008
2nd amendment wrote:
<quoted text>
PP&L currently generates electricity and may buy some as well so why would the price suddenly jump after deregulation if they are currently making record money? Would generation or purchasing costs suddenly jump for no reason?
The price of making electricity is not suddenly jumping after deregulation.
It is jumping now, and has been jumping for a few years.
Because rate caps are in place, you (and every other customer) are not bearing the burden.
But when rate caps expire, you will suddenly bear the burden of several years' worth of cost increases.
Gerald Ford

Center Valley, PA

#14 Apr 20, 2008
Bottom_Line_Is wrote:
De-regulation is the biggest fraud on consumers. There were reasons government regulated.. BANKS, TELEPHONE, UTILITIES, INVESTMENT FEES for many years and now no longer. These are "VITAL" services.
De-regulation always results in any business going amuck.
Show me where "de-regulation" ever benefited a consumer?
Yeah ... the telephone business was sure better when long-distance calls cost lots of money, and the only phone you could get was a big bulky thing that ate up your counter space.
2nd amendment

Barnesville, PA

#15 Apr 20, 2008
Gerald Ford wrote:
<quoted text>
The price of making electricity is not suddenly jumping after deregulation.
It is jumping now, and has been jumping for a few years.
Because rate caps are in place, you (and every other customer) are not bearing the burden.
But when rate caps expire, you will suddenly bear the burden of several years' worth of cost increases.
It's funny how these "cost increases" haven't stopped their record profits. Must some fancy accounting scheme.
2nd amendment

Barnesville, PA

#16 Apr 20, 2008
Gerald Ford wrote:
<quoted text>
Yeah ... the telephone business was sure better when long-distance calls cost lots of money, and the only phone you could get was a big bulky thing that ate up your counter space.
I still have a couple of those rotary dial phones and they still work.
Digusted

Norristown, PA

#17 Apr 20, 2008
Well, everybody else has been paying a lot more for energy than the Lehigh Valley for many, many years.
So join the club. It stinks.

Who wanted deregulation? I sure didn't. You bought the privitization line hook, line and sinker so now you have to pay the piper.

You loved less government, remember. Let the markets decide. Ha.
Anonymous

Allentown, PA

#18 Apr 20, 2008
Another record earnings year for PPL
10:51 AM EST, January 31, 2008

PPL Corp. announced record earnings this morning, posting numbers that dwarfed last year's record earnings.

The Allentown energy company earned $1.3 billion, or $3.40 per share, in 2007, compared to $865 million, or $2.24 per share, the year before.
Anonymous

Allentown, PA

#19 Apr 20, 2008
By Sam Kennedy | Of The Morning Call
2:45 PM EDT, March 20, 2008

The head of PPL Corp. was paid nearly $10 million last year, by far the largest sum ever given to a sitting chief executive officer at the Allentown energy company.

In 2007, CEO James Miller was paid:
-- A salary of $1.04 million.
-- Incentive pay of $1.60 million
-- Stock and options valued at $3.14 million
-- Pension and differed pay of $3.85 million

He also received compensation totaling $32,000 was for matching 401(k) contributions and financial counseling, among other things.

The information was disclosed this week in a regulatory filing that PPL described as preliminary.

The $9.7 million total that Miller got in 2007 was 73 percent more than in 2006, when he replaced PPL's retiring top boss, William Hecht.
ready kilowatt

Allentown, PA

#20 Apr 20, 2008
I fully support a rate increase.

You want your computers to run , your 50" tv's , four vc's you pay.

Electricity is like anything else.
You want it you BUY it.

Restaurants are full of people blowing money on cold food when they cold be home, cooking on an electric stove.

When you eat at home ,you pay pennies on the dollar cost of eating COLD food out that is supposed to be served 'piping hot'.

Cook on your electric stove at home & HEAT THE FOOD enough to avoid hepatitis AND save tons of money doing it.

The money you save cooking at home will pay your electric increase and you'll have enough left over to start a college fund for your kids.

I have budgeted for an 85% increase in 2010 and I hope it comes to that.

Stop blaming the oil companies for you financial shortfalls.
Blame yourself.

Grow up and pay your bills.

PPL share prices open at $44.19 tomorrow. Stock up now , I want more dividends.

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