AEP wants legislators to OK bond opti...

AEP wants legislators to OK bond option speeding up financing | The Columbus Dispatch

There are 1 comment on the Columbus Dispatch story from Jun 7, 2011, titled AEP wants legislators to OK bond option speeding up financing | The Columbus Dispatch. In it, Columbus Dispatch reports that:

American Electric Power wants to be able to receive lump-sum payments for certain expenses instead of collecting money in a trickle over many years.

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Sharon Columbus

Columbus, OH

#1 Jun 7, 2011
There is no chance that the customers' bills will be higher as a result of the utility issuing securitization bonds," said Thomas G. Berkemeyer, AEP's associate general counsel.

Anyone who believes the above statement: hide and watch! The legal eagles will find a work around to keep dipping into the customer's pockets.

AEP will institute additional legislation, etc. to compensation their executives going forward. Nothing stops them: PUCO won't stand up to these high priced power hungry colleagues. Afterall: must protect their jobs too!!

Trust me ripping off the public will never end! Remember the Board of Directors/Shareholders must be paid those high salaries to maintain two lifestyles/careers.

The lower income individual doesn't have a chance with a cap on the goverment assistance available currently.

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