AEP rate proposal a 'blank check,' cr...

AEP rate proposal a 'blank check,' critic says | The Columbus Dispatch

There are 17 comments on the Columbus Dispatch story from Jun 15, 2011, titled AEP rate proposal a 'blank check,' critic says | The Columbus Dispatch. In it, Columbus Dispatch reports that:

The unknowns in American Electric Power's new rate proposal potentially are much more costly than the small price increase that the company has publicized, which is alarming to some outside groups.

Join the discussion below, or Read more at Columbus Dispatch.

CONSUMER FROM OHIO

Wooster, OH

#1 Jun 15, 2011
You can't do that. It will be still yet another blow to those of us who can't afford to live now. You will only make more people abandon their homes and leave Ohio. Then what, another Michigan. Ghost towns are on the rise, keep it up and there will be nothing left.

Since: Feb 11

Roy, WA

#2 Jun 15, 2011
And where's our watchdog PUKE-O (PUCO) in all of this? They're helping

AEP to write out the blank checks...why?...cause AEP paid them to.

"Here lap dogs & yes men PUKE-O...sit..speak...vote the way we want

you to.....close your eyes to justice."
Jakey

Columbus, OH

#3 Jun 15, 2011
Please let shopping occur. These non bypassable rates are some of the highest in the Midwest.
Zoe the Cat

United States

#4 Jun 15, 2011
See how deregulation "worked" in Ohio. Great job Republicans. Next we'll see a law to mandate poor people pay the taxes of the rich.
Concerned

United States

#5 Jun 15, 2011
Maybe if the EPA stopped ramming regulations down their throat AEP wouldn't have to pass so much of these costs on to Ohioans
democrat

Columbus, OH

#6 Jun 15, 2011
AEP needs to invest part of their profit in the cost of doing business, e.g., decommissioning power plants and environmental programs, rather than placing the burden on ratepayers.

Since: Jun 11

Location hidden

#7 Jun 15, 2011
democrat wrote:
AEP needs to invest part of their profit in the cost of doing business, e.g., decommissioning power plants and environmental programs, rather than placing the burden on ratepayers.
All companies incorporate 'costs of doing business' into the price of their products. The only difference is that utilities have to appeal to a regulatory body to do it whereas other companies just do it.
Really

Columbus, OH

#8 Jun 15, 2011
I cannot afford my AEP bill now. No more increases for them to build and improve they need to take their profit and pay for their improvements.

Since: Feb 11

Roy, WA

#9 Jun 15, 2011
No wonder women have turned to cordless vibrators

with all the AEP rate increases.
DrC Ohio

Columbus, OH

#10 Jun 15, 2011
AEP was using lube before, now that OCC is toothless, better get the chapstick.
Realistic Citizen

Springfield, OH

#11 Jun 15, 2011
NO new power generation permitted for construction in years due to regulations and with AEP having to shut down several generating plants coupled with the cost of updating "granddaddy plants" to meet current regulations,(see article here for just one of these plants - https://appalachianpower.com/info/news/viewRe... ) I'm truly surprised we haven't seen higher rates already. Perhaps if we don't like paying an "average rate per Kilowatt hour" compared to the rest of the country (see chart at http://www.eia.gov/cneaf/electricity/epm/tabl... )Ohioans could conserve by not running their air conditioners or clothes dryers.
Lbokman

Galion, OH

#12 Jun 15, 2011
This applies not to just AEP but to all industries that have polluting material as a side product.

Economics 101 says that pollution is an indirect cost or an external cost to the production of electricity and all costs must be paid.

Regarding AEP, there are three ways to pay these costs:
1. Pay up front for technology that cleans out the pollution before it reaches the public, which will make our electricity bills higher.
2. Pay more taxes to the government to have the EPA clean up the environment after the pollution is out there.
3. Let the pollution happen, don't clean it up and pay more money for higher health costs and insurance premiums because of the sickness due to the exposure to pollution.

One way or the other we will pay for it. You can stick your head in the sand or where the sun don’t shine, but we will pay for it, each and every one of us, one way or the other. That's Economics 101.

I prefer to pay for it up front as long as the PUCO can guarantee that the money is going to new technology to curb pollution - NO BLANK CHECK.

At least paying up front shows the True Cost of electricity and knowing the True Cost will help us all to really decide how much it really means to us.
average joe

Reynoldsburg, OH

#13 Jun 15, 2011
Concerned wrote:
Maybe if the EPA stopped ramming regulations down their throat AEP wouldn't have to pass so much of these costs on to Ohioans
Are you insinuating AEP makes no profit as it is? PUCO has granted AEP a virtual monopoly as a utility as it is. We are a captive consumer. While the rest of the economy is shrinking and AEPs cutomer base shrinks as well, should the ones that are left make up the difference?
Resident with a brain

Columbus, OH

#14 Jun 15, 2011
This is outrageous. It will pass because someone will get slipped a wad of money. If they were losing money, that would be one thing, but their profits went UP 25% in 2010 over 2009.
Columbus, Ohio-based AEP AEP +0.22% said earnings advanced to $555 million, or $1.16 a share, up from $443 million, or 93 cents, earned in the year-earlier third quarter
http://www.marketwatch.com/story/aep-posts-25...
ENJOY.. and Screw you AEP..
Sharon Columbus

Columbus, OH

#15 Jun 15, 2011
-Just Sayin- wrote:
<quoted text>
All companies incorporate 'costs of doing business' into the price of their products. The only difference is that utilities have to appeal to a regulatory body to do it whereas other companies just do it.
Yes you are correct although there is a major/large variance in seeking a fair profit versus raping the public out of every penny customer have to pay to exist. Notice I did say "live"!

AEP has no entity/governing agent to make them control the level of profits. Let's keep the Senior and Executive Management/Staff in the 500,000 to 750,000 homes (or higher); private education because the Columbus School Systems reputation for the level of education isn't the best. Coupled with the gangs in the schools (which I totally understand are in ALL schools to some degree). Built a log cabin, live in the woods for me!
Grove city

Columbus, OH

#16 Jun 15, 2011
This is outrageous. It will pass because someone will get slipped a wad of money. If they were losing money, that would be one thing, but their profits went UP 25% in 2010 over 2009.
Columbus, Ohio-based AEP AEP +0.22% said earnings advanced to $555 million, or $1.16 a share, up from $443 million, or 93 cents, earned in the year-earlier third quarter
http://www.marketwatch.com/story/aep-posts-25 ...
ENJOY.. and Screw you AEP..
Dublin said it right
John George

Chillicothe, OH

#17 Jun 15, 2011
with the puco in their pockets, and ape paying them off, yes it is exactly extreme! their is no justification for this huge increase except pure GREED! if it's allowed i'm going to sue the puco and ape both for robbery and greed! the puco has never been for the small businesses and public so i mean what i say when i said i will sue with a class action lawsuit against them both! john george columbus ohio

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