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 ...

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2nd amendment

Barnesville, PA

#21 Apr 20, 2008
ready kilowatt wrote:
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.
You sound like a corporate nitwig.

I already cook most meals at home. I will be replacing my wood stove this summer. In a few years, solar panels on the roof. Screw PP&L, I'm taking my business elsewhere.
mcall lies

Rehoboth Beach, DE

#22 Apr 20, 2008
in other states where electricity was deregulated, they hate it and want it to be regulated again...excpt the power companies are LOVING it

good luck to all PPL customers
Says it how it is

Bethlehem, PA

#23 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?
Rates have to go up because they deregulation made the generation a separate subsidiary. Laws say that PPL Electric Utilities has to buy electric at markets rates. Markets rates are much higher than if a comfy profit margin was used because the coal generation costs less than nuclear but it gets priced as nuclear. Thus the large profits.
Says it how it is

Bethlehem, PA

#24 Apr 20, 2008
2nd amendment wrote:
<quoted text>
You sound like a corporate nitwig.
I already cook most meals at home. I will be replacing my wood stove this summer. In a few years, solar panels on the roof. Screw PP&L, I'm taking my business elsewhere.
Great enjoy still having to buy power 5 months out of the year. But I am sure you have the money to buy the technology and have it installed.
Says it how it is

Bethlehem, PA

#25 Apr 20, 2008
mcall lies wrote:
in other states where electricity was deregulated, they hate it and want it to be regulated again...excpt the power companies are LOVING it
good luck to all PPL customers
Wait until you see PECO's rate hike in 2011... You will not be laughing for long but you are right. Residential customers get screwed in deregulation but the some commercial and most industrial companies will see better prices.
Says it how it is

Bethlehem, PA

#26 Apr 20, 2008
Slick Nick from Bethlehem wrote:
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.
Because Sam Kennedy would not have anything to write about...
Says it how it is

Bethlehem, PA

#27 Apr 20, 2008
2nd amendment wrote:
<quoted text>
It's funny how these "cost increases" haven't stopped their record profits. Must some fancy accounting scheme.
No that is because the can sell their excess generation on the market at higher prices...

Since: Mar 08

Allentown, PA

#28 Apr 21, 2008
2nd amendment wrote:
<quoted text>
In a few years, solar panels on the roof. Screw PP&L, I'm taking my business elsewhere.
Smart.
Anonymous

Chesterfield, MO

#30 Apr 21, 2008
Anonymous wrote:
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.
Why do you people not get it? PP&L have had record profits because of the HUGE increase in the number of homes, the obscene size of these homes, businesses, etc...in the are in the last 12 years!

Higher consumption - at this exponential growth - will generate higher profits ALL THE TIME.

You don't want to pay more for your electricity - who does - but what happens when there are rolling blackouts in the summer because everyone has their AC jacked up?

That will be because PPL has reached max output - and if they cannot raise more money, they cannot build new plants to make more power.

I guess that it would be OK for them to get cheap with the maintenance on the nuclear power plants so that we can keep prices down - not like that will hurt anything.

I cannot believe that an increase like this, in what would be 14 years of rate caps is a surprise or a shock to anyone.

I say that we elect the one guy that questioned this way back in the day this was decided the next president, he is the only person in politics that we have proof of them using their brain.
CHH-1702

Allentown, PA

#31 Apr 21, 2008
2nd amendment wrote:
<quoted text>
It's funny how these "cost increases" haven't stopped their record profits. Must some fancy accounting scheme.
No fancy accounting scheme needed. Separate companies. PPL Electric Utilities represents less than 10% of the profit of PPL Corporation. The other subsidiaries are making money selling electricity at current market rates, to the highest bidder. PPL Electric Utilities passes on the power cost with no markup. There is a separate distribution charge on the bill that accounts for what little profit they make.
ready kilowatt

Allentown, PA

#32 Apr 21, 2008
I get a kick out of coming here and readin this stuff.

You want a solution? PPL shares open at $48.69 tomorrow. Buy up YOUR shares, GET quarterly dividends and pay the rate increse with THAT-duh.

Complain about electric, gasoline , heating oil.
Go on and complain. Me? I'm buying energy stocks left and right.

Rates? I don't care 'bout no stinking rate increases.

Remember, that's 'PPL' stock, tell your broker TOMORROW, and cash in !! BUY!
Bob

Allentown, PA

#33 Apr 24, 2008
perhaps one of the increases comes from the $600mil CO2 scrubber at the Montour plant. That evil PPL how dare they spend money for environmental projects.
When was the last time the oil companies spent a dime to upgrade their facilities. Coal is king
All Electric Home Owner

Allentown, PA

#34 Apr 24, 2008
When this legislation was passed nearly 10 years ago, I wondered (worried) what would happen when it expired. I'm certainly not looking for higher rates but, realistically, if inflation ran at 3% to 4% per year, it only makes sense that electric rates would increase at least 30% to 40% over these ten years. If we're really honest, compared with the price of other energy sources and commodities like copper, it is actually to PPL's credit that the increase is only 34%. Is honesty still a virtue?
ready kilowatt

Allentown, PA

#35 Apr 25, 2008
To "all electric homeowner" Wilkes Barre, PA

You crammed a lot of good sense into your few words.

Mathmatically. You take the average inflation increase of just about 3.2% and compound it, yearly for almost 12 years, I think the rate increase would be just above 50%

People don't realize that we've been getting a free ride each year until 2010.

The 35% projected increase I believe will more likely become 68-85%
We still have 2 years to budget for the increase.
So far , I've set aside for a 43% increase.

PPl stock opened at $48.53 today.
You get quarterly divideds. I use my dividends to pay my electric bill.

See how that works? I give them money,THEY give it back then I give it back to them by paying my electric bill. What's left over, I use to buy more shares.

See how easy it is ??

Contact your broker today, BEFORE PPL share prices take off and YOU are left in the dust.
Says it how it is

Philadelphia, PA

#36 May 20, 2008
Also PPL's increase is the smallest forecast amongst PA utilities except PECO which is projecting a 8% increase but their rates are already double that of PPLs....
Says it how it is

Philadelphia, PA

#37 May 20, 2008
Allegheny Power: 63 percent increase
Metropolitan Edison: 54 percent increase
Peco Energy: 8 percent increase
Pennsylvania Electric: 50 percent increase
PPL: 37 percent increase

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