ComEd rate hike possible in proposed ...

ComEd rate hike possible in proposed NRG takeover

There are 7 comments on the Chicago Tribune story from Mar 19, 2009, titled ComEd rate hike possible in proposed NRG takeover. In it, Chicago Tribune reports that:

Commonwealth Edison customers could pay $119 million a year more for electricity if the utility's owner, Exelon Corp.

Join the discussion below, or Read more at Chicago Tribune.

WhyCryNow

AOL

#1 Mar 19, 2009
Dayum, that takes a lot of cohones. Buying another utility and
asking your ratepayers to finance it. And as usual the ICC will
be right there to give it's blessings to the deal by approving a rate
increase, a substantial reate increase.
Patrick

United States

#2 Mar 19, 2009
So once again, corporate executives angle to increase their personal wealth and working Americans end up paying the tab. This is ridiculous. Utilities should not be operated privately. Private corporations have only one mission: maximize profit. A publicly run public utility would have a different mandate: serve the public. Thatcher privatized the rail in Britain, and British rail has yet to recover. It's time we learned from real life examples instead of letting people run the show who learned everything they "know" from reading Ayn Rand.
Metra commuter

Chicago, IL

#3 Mar 19, 2009
So, you'd like to have the utility run like the CTA and the public school system? That's what you'd get if the utility was not "private" anymore. The only "public" that would be served are the corrupt politicians in Crook County!
Patrick

United States

#4 Mar 19, 2009
Metra commuter wrote:
So, you'd like to have the utility run like the CTA and the public school system? That's what you'd get if the utility was not "private" anymore. The only "public" that would be served are the corrupt politicians in Crook County!
The knee-jerk "government bad corporations good" contingent heard from. Given the state of the economy, I think most Americans would beg to differ.
Ang

Elk Grove Village, IL

#5 Mar 19, 2009
Perhaps this is something our Alderman should be fighting rather than an admission increase at the Art Institute.
Irate Taxpayer

Madison, WI

#6 Mar 19, 2009
Another quasi taxing body taking money out of our pockets. I'm glad that I won't have any left shortly and then I can live off welfare and get all those free services the rest of you are going to pay for.

Are you listening Gov. Quinn? How many people do you think can dip into our incomes before we don't have any more left?
Do the Math

United States

#7 Mar 19, 2009
Patrick wrote:
<quoted text>
The knee-jerk "government bad corporations good" contingent heard from. Given the state of the economy, I think most Americans would beg to differ.
I do NOT beg to differ. The current state of the economy was caused by government tinkering w/ real estate loans such that everyone would qualify. That's what started this whole mess. Stay out of it government. Period.

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