Agency urging rate drop for utility

Agency urging rate drop for utility

There are 6 comments on the Akron Beacon Journal story from Jan 11, 2008, titled Agency urging rate drop for utility. In it, Akron Beacon Journal reports that:

Ohio Edison customers should be getting a decrease in distribution rates instead of a proposed increase, a consumer watchdog agency said in testimony filed Thursday.

Join the discussion below, or Read more at Akron Beacon Journal.

wizard

Akron, OH

#1 Jan 11, 2008
Electric bill is still to much, even if you don't use much electric they find a way to charge more of this, or that to get you to pay, time to look for an alternative.....to electric...
GHOSTRIDER

Virginia Beach, VA

#2 Jan 11, 2008
SAY HELLO TO "GREEDY KILOWATT"!!!

OCEANA - A CIVILIZED ARMED CAMP
workin hard

United States

#3 Jan 11, 2008
Electricity is a great value. But the issue of a rate increase should be fully understood by the rate payers. Since Deregulation the utility has seen revenue increase of up to 35%. The PROFIT has increased to about 14%. Any line extension or Service upgrade is paid for by the customer at a rate of about 80% of the total inflated cost estimate. Prior to deregulation the utility paid for both oif those expenses sicne they stood to receive addtional revenue from the extension of lines or larger electric services. The uti9lity let over 6000 employees go to reduce expenses. Todya they are hiring large numbers of new employees with no skill. I hope that the OCC looks at this in depth. I also hope that the PUCO will come to a reasonable conclusion that a rate increase is not warranted.
Realist

Akron, OH

#4 Jan 11, 2008
Dear Working Hard

Your facts are completely incorrect...

1) Customers pay 40% for line extensions read the tariff.

2) Rates in Ohio have been frozen since 1992 while the cost of copper, coal, fuel, gas etc...have all gone up 80%

3) The United States on average pays 6.5c a kWH while in Europe they pay 14.5c on average per the newest reports from The Department of Energy.

4) Prices are going up weather you like it or not....Utilities are not in a position to absorb cost and take a loss you wouldn't have power to your home if that were the case.

5) The demand for energy in United States is going up. To keep up with those demands 10 power plants a year have to be built. Who do you think is going to pay for that? On top of it the governor whats renewable energy. That technology alone is far greater than existing technologies.
workin hard

United States

#5 Jan 11, 2008
Realist wrote:
Dear Working Hard
Your facts are completely incorrect...
1) Customers pay 40% for line extensions read the tariff.
2) Rates in Ohio have been frozen since 1992 while the cost of copper, coal, fuel, gas etc...have all gone up 80%
3) The United States on average pays 6.5c a kWH while in Europe they pay 14.5c on average per the newest reports from The Department of Energy.
4) Prices are going up weather you like it or not....Utilities are not in a position to absorb cost and take a loss you wouldn't have power to your home if that were the case.
5) The demand for energy in United States is going up. To keep up with those demands 10 power plants a year have to be built. Who do you think is going to pay for that? On top of it the governor whats renewable energy. That technology alone is far greater than existing technologies.
I don't think so.
We just paid a contract for a service upgrade...80% of the cost per the contract..
I don't care aboput the ave cost of electricity in the U.S...Ohio Edison average is 12.5 cents residentially.
Material costs have gone up for everyone not just the utility.
Utilities need to go back to being Regulated, Deregulation did nothing but add to the Utility coffers. You made no metion of the 35 % increase in revenue or 14% profit.... THAT IS CORRECT.
The governor will try to meddle with alternative sources and that will fall flat. We need to use the best Nuclear Technology available.
I would not expect the utility to absorb the cost of new generation. But on the other hand when the revenues, profits, stock values go up like they have...perhaps it is time to invest in generation....I don't believe they need a 14 million dollar a year president. It's all on the web.
Realist

Avon Lake, OH

#6 Jan 12, 2008
workin hard wrote:
<quoted text>
I don't think so.
We just paid a contract for a service upgrade...80% of the cost per the contract..
I don't care aboput the ave cost of electricity in the U.S...Ohio Edison average is 12.5 cents residentially.
Material costs have gone up for everyone not just the utility.
Utilities need to go back to being Regulated, Deregulation did nothing but add to the Utility coffers. You made no metion of the 35 % increase in revenue or 14% profit.... THAT IS CORRECT.
The governor will try to meddle with alternative sources and that will fall flat. We need to use the best Nuclear Technology available.
I would not expect the utility to absorb the cost of new generation. But on the other hand when the revenues, profits, stock values go up like they have...perhaps it is time to invest in generation....I don't believe they need a 14 million dollar a year president. It's all on the web.
Time to invest in generation?? Didn't you read the press release from a week or so ago. FirstEnergy is investing 2.5 Billion in generation in the next ten years!!!!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Ostrander Discussions

Title Updated Last By Comments
Dana Wilson 20 hr Anonymous 1
News Northwest Side gains new Indian dining spot Jan 16 every troll here ... 1
Delaware Gazette newspapter Jan 4 Intrigued 1
Tonya Barton (Nov '15) Jan 2 Tobias Kitchen 9
Neighbors Names of Flemings Dec 31 Quite the sad story 1
News Some central Ohioans fear for relatives left in... Dec 31 Oliver Cantterberry 4
News Ohio colleges, universities: Protect immigrant ... Dec 23 They cannot kill ... 16

Ostrander Jobs

More from around the web

Personal Finance

Ostrander Mortgages