Penelec rates to increase 16 percent

Penelec customers who don't switch suppliers can expect a 16.6 percent increase in their bills once electric rate caps expire at the end of the year. Full Story
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Mad Cow

United States

#22 Nov 1, 2010
power up wrote:
<quoted text>
Me too but First Energy owns Penelec and First Energy is about to buy Allegheny Power! Guess whos rates are going up next!
Switch to a Co-Op.
Mad Cow

United States

#23 Nov 1, 2010
Dave wrote:
The rate caps were put in place when Pennsylvania deregulated the electricity market on PA.. Before that, regions were serviced by a single electric company under the eye of State Government.
The caps were put in place as a temporary shield from the ups & downs of pricing And perhaps unknown effects of this deregulation.
Politically this occurred under the Ridge Administration & heavily supported by Republicans. Supposedly, this deregulation would lower rates through competition.
The caps expire now and we will see.
I am sure we can trust the power corporations to treat us fairly & do the right thing.
Trust? What the blazes does trust have to do with any of this? Do you honestly trust these companies to do what is right? If you do you are a fool! They are going to follow in the steps of the oil companies and we the consumer are going to get screwed again. Go ahead and bend over now Dave cuz' it is only gonna get worse!
Mad Cow

United States

#24 Nov 1, 2010
s#c#r#e#w#e#d!
power up

Williamsport, PA

#25 Nov 1, 2010
FRANK WRIGHT wrote:
I know those Allhegheny guys are worthless all they do is go fix a line and drink beer and cheat on their wives.
I bet they know how to spell Allegheny!! IDIOT! LMAO
Dave

Chambersburg, PA

#26 Nov 2, 2010
Mad Cow wrote:
<quoted text>
Trust? What the blazes does trust have to do with any of this? Do you honestly trust these companies to do what is right? If you do you are a fool! They are going to follow in the steps of the oil companies and we the consumer are going to get **** again. Go ahead and bend over now Dave cuz' it is only gonna get worse!
That last statement was tongue in cheek. Of course we can trust corporations to do only what will make them the most money in the short term.

I saw something that I have not yet confirmed, a statistic that said rates in deregulated states are 50% higher than in regulated states.

Hey,deregulation is the real meaning of small government, economic freedom, etc
sandy

Johnstown, PA

#27 Jan 27, 2011
the ceo made 16 million last i guess he wants a raise

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