PNG hopes for Tenn. ruling this month

Jan 6, 2010 | Posted by: roboblogger | Full story: Charlotte Business Journal

Piedmont Natural Gas may find out soon whether Tennessee regulators will allow it to install a rate program like it adopted in North Carolina that helps it maintain margins even if usage drops.

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1 - 11 of 11 Comments Last updated May 24, 2010
Not A View

Charlotte, NC

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#1
Jan 21, 2010
 

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This is unheard of and a total line of bull from Piedmont Natural Gas. They are betting that thei poor service will cause people not to use their gas so they can bill them more.

Where in the world did such idiots come up with such a crock? Even better who did they pay off in North Carolina to get this through?

Who in the world sells crappy service and says that if you use less I will bill you more if I do not get what I normally would make in a good year. What happens when another source of fuel comes around and you still have to pay Piedmont Natural Gas for what they think their normally billing would be (based on their guesses not yours) and you have to pay absurd amounts for something you did not use?

Grow up and kick PNY out of Tenn.
A View From Wall Street

Charlotte, NC

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#2
Jan 25, 2010
 

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You clearly need to do some more research into exactly what rate decoupling is...and how many states and companies actually use it. Try educating yourself and then come back and we can have a real discussion. Your interpretation of the regulation is so off base that it doesn't make sense to argue with you right now.
Not A View

Charlotte, NC

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#3
Feb 18, 2010
 

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Hmmm I guess the educated folks in Tenn can see through the crap that PNY is trying to sell. They told PNY that they do not want this in their state. I guess decoupling is just another BS way for Piedmont to raise it rates to give the executives more money in their pocket. Over the past 5 years PNY went from being a company that cared about its name and image, to a company that wants to be a bully and force things down people throats.
A View from Reality

Fayetteville, NC

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#5
Mar 5, 2010
 

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Hey not a View :) Well lets get something straight first off based on your statements you obviously do not know what decoupling is or have any grasp on reality when it comes to practices of piedmont. Also piedmont does not guess what your bill/usage is for. Tests are also performed all the time just to make sure that it remains as accurate as possible which puts a big monkey wrench into your theory. I strongly recommend if you are not just an ignorant person ranting and raving that you do some research before making a fool of yourself. Also this may be a news flash but executives do not make money off what you pay for your rates. Is a simple system you pay for what PNG paid for the fuel and how much it costs to get it to your home or business. Piedmont makes money off of other avenues of profit which is not on the sale of natural gas. As a closing arguement I will put it to you like this based on what you are saying is that you think piedmont will try to scam a few bucks off you then go out and get a contract with someone for millions of dollars. If you think they are going to go after you for a few dollars here and there I would do your best to bring your ignorant self back to reality my little unaware friend :)
Not A View

Charlotte, NC

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#6
Mar 9, 2010
 

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Hey Reality,

Let's set the record straight. I have said time and time before that Piedmont makes a huge profit off the $10.00 per customer charge. So lets see if math can figure this out.$10.00 times 600,000 north carolina households = 6 million dollars. That is millions of dollars straight to the pot for salaries. Plus you have the the other adminstrative charges that go to the O & M pot for salaries. You can only pull the wool over peoples eyes for so long till people see who the wolf is, and how bad they really are. What happened to Piedmont's 7 million dollar fund? I bet that if you checked the books most of that money is still in the bank and has not been used.
Not A view

Indian Trail, NC

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#7
Mar 16, 2010
 

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To Mr View... aka Skains.... I guess decoupling in Tenn is out.... This is from the Charlotte Business Journal...

"Piedmont made its request to decouple rates in Tennessee as it proposed to introduce energy conservation programs. Without the decoupling, Skains says, Piedmont will find it difficult to encourage conservation and maintain profitability.

Opponents contended that decoupling would unjustly profit Piedmont. The Tennessee attorney general contended the change would increase Piedmontís revenue in the first year by $1.9 million, even though the lost revenue from reduced gas consumption would amount to just $20,000.

The authority said it would only consider changing the rate structure as part of a general rate case. Skains said Piedmont will decide by this summer if it wants to seek a rate case and propose the decoupling again."

So PNY is asking for a 1.9 million dollar windfall, or take a $20,000 loss. Hmmm who is the real idiot here..... lol
A View from Reality

Fayetteville, NC

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#8
Mar 20, 2010
 
Well if Not A View did any research at all your numbers are way off. On the other hand you have to research this issue for yourself but it is not as simple as laying down pipe and then just raking in money. There are a lot of expenses involved and that money you talk about is being paid into the overall expenses which does not even cover the total expenses. That is where you pay the remainder of the expenses plus the cost of your bills in the rate. Please in the future go research information before spreading lies/false information. Like Wall Street said I cannot really argue about this with people who already make this stuff up in their mind without researching the issue first. The money the company makes is from doing actual service work and not on usage.

:)
Memphis Jigg aboo

Olive Branch, MS

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#9
Mar 20, 2010
 
They beez makin too much cabbage off us knee grows already...shove it!
Not A View

Charlotte, NC

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#10
Mar 22, 2010
 
A View From Reality. You made a statement that the numbers are off, but these numbers come from the Charlotte Business Journal. So grow up and be a man and admit that you are wrong. I suggest you find another line of work sine being an Attorney did not work for you, and now you are trying your hand at CEO of a company that is guarenteed to make a profit. Try your hand at a company where your decisions would sink a company.
A View From Reality

Fayetteville, NC

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#11
May 12, 2010
 

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Yeah the Charlotte Business Journal if you are going off someone's opinion of what they think then you would be right. Since I am basing the information I know out of facts :) So I would suggest before making bogus accusations that you be a man and grow up LOL :) If all these bogus claims that PNG makes so many horrible decisions they would have been replaced long ago. Its plain here that you have some axe to grind, life is short let it go :) Please next time you want to put an insult on me off the same old same old thing that the CEO was an attorney first before being a CEO be more original :) I honestly do not know why I get on here because most people who respond are just complaining about non sense stuff.

See Ya Later Haters :)
Not A View

Charlotte, NC

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#12
May 24, 2010
 
It is a sad shame when "A View From Reality" cannot admit that the "facts" as they see them are wrong. Look at the numbers and the actual documents, and form your own opinion. Do not come to the forums and boast that your perceived view is a fact.

What is a fact is that if Mr Skains had to work in a real company where his decisions and those of his staff could ruin a company they would. Their safety net is that this is a regulated company that by law has to earn a profit. Ask any of the so called managers and leaders if the decisions being made at Piedmont Natural Gas are really good ones, that will both treat the customer with respect, and earn money. The answer is NO.

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