PPL says 2010 rate hike will be less ...

PPL says 2010 rate hike will be less than expected

There are 28 comments on the The Morning Call story from Apr 3, 2009, titled PPL says 2010 rate hike will be less than expected. In it, The Morning Call reports that:

Residential electricity prices for PPL customers are expected to climb by 30 percent in 2010, which will cost the typical household an extra $384 a year, the company announced Thursday.

Join the discussion below, or Read more at The Morning Call.

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“Reality is subjective”

Since: Aug 08

Bethlehem, PA

#21 Apr 4, 2009
Mindsweep, good argument.

Deregulation of the electric industry divided PPL into two distinct sides. The regulated and the deregulated. One side, cannot by law, even have coffee with the other side even if they're in the same building. Which, at this point, I don't know how it is.

But, it's a fine line, no doubt.

When the electric industry was regulated, you didn't have these enormous increases, costs were contained and the company operated well.

PECO, DELMARVA, LILCO, CO-ED, et al, could all meet, discuss issues of power production and transmission, discuss wheeling, and work to keep costs under control without the anti-trust laws getting in the way.

Regulations prevented gouging and encouraged all the companies to work with the Edison Electric Institute (EEI) to make power production profitable.

To the best of my knowledge, PPL has never had an increase of this magnatude. They maintained their employee base, treated them well while keeping their pricing on track with the economy. At the same time, they paid good dividends, stocks split on a regular basis and the company value climbed.

Their CEO's were compensated well for operating a healthy and vigorous company.

As to the stocks NOT achieving much... the company produces and transmits electricity, they're not a bank. The company's stocks have never been agressive but they have been consistant, which is what made them attractive.

CHOOSING? That, my friend, is a TOTAL crock. Imagine a lake (the electric grid). A large lake which is filled by many streams (power plants). And you want water from Stream A, which is on the other side of the lake. But, stream C is next to you. Guess where you get your water?

Same thing in electric power. All the power plants transmit power to the grid, the common bucket, and we pull out of the common bucket. There are no lines. It's total BS.

And... the law allows the company, who's "service area" it is, TO CHARGE for their power IN ADDITION TO what you buy or have chosen.

The entire deregulation senerio for the electric utilites is a smoke screen to rape the general public through the monopoly of electric companies.

PPL has been regulated since it was founded in the 1920's as have been all the others.

There is a movement to go back to the regulated environment because a fair portion of the country IS NOT deregulated as of yet.

I, for one, would embrace a regulated electric industry.

“Reality is subjective”

Since: Aug 08

Bethlehem, PA

#22 Apr 4, 2009
4real - I understand your confusion. On the surface, it looks like it would be better. However, knowing what it was like when PPL (and Ma Bell) was regulated, knowing how the pricing was, and seeing where it's going - you find that monopolys tend to destroy what was once good companies.

Then again...in this economy, it's hard to see what destroyed whom....

Import steel with less strict guidelines undersells Bethlehem Steel and others. Mack trucks run by an overseas company. What next?

I'm just sick of seeing a company raise it's prices while dumping people and jobs out the door. AND WHY is PPL at Career Builder's fair when they just FIRED 200 people.

What kind of double standard is that?
4REAL

United States

#23 Apr 4, 2009
stevej61 wrote:
4real - I understand your confusion. On the surface, it looks like it would be better. However, knowing what it was like when PPL (and Ma Bell) was regulated, knowing how the pricing was, and seeing where it's going - you find that monopolys tend to destroy what was once good companies.
Then again...in this economy, it's hard to see what destroyed whom....
Import steel with less strict guidelines undersells Bethlehem Steel and others. Mack trucks run by an overseas company. What next?
I'm just sick of seeing a company raise it's prices while dumping people and jobs out the door. AND WHY is PPL at Career Builder's fair when they just FIRED 200 people.
What kind of double standard is that?
I hear you on that and I agree it is absolute BS that they would be hiring.
Sue

Lehighton, PA

#24 Nov 29, 2009
4REAL wrote:
<quoted text>
Cut out the smokes and booze then. If you want electricity you have to pay for it. It's not a god given right to get electricity. Do you go in and b*tch at how much milk costs? Nope you make do because you "need" it. That's whats wrong with this country everybody wants things for free!
Although I agree that too many people want a government hand-out, I DON'T agree with your assumption here that because this is a single mother making a low wage that she automatically must smoke and drink booze. Shame on you! Now... to all of you wanting a government hand-out... get off of your rear-ends and TAKE CARE OF YOURSELVES! Why should I have to support you through my taxes? I struggle to take care of MYSELF not you...
PPL BUNCH OF SCUM

Luzerne, PA

#25 Nov 29, 2009
minesweep wrote:
It could be worse:
72% rate increase for customers of
Baltimore Gas & Electric Company in Maryland
59% rate increase for customers of
Delmarva Power & Light Company in Delaware
75% rate increase for customers of tiny
Pike County Light & Power Company in Pennsylvania
http://www.oca.state.pa.us/Testimony/2009/Ele...
it could be worse...

could be living in nazi germany.

could be living in ussr.

it could be better...

could be a multi-millionaire living in beverly hills

could be a nyc billionaire not having to pay taxes
PPL Scum

Quentin, PA

#26 Nov 29, 2009
PPL = Scumbags. Scumbags. Scumbags.
PPL Scum

Quentin, PA

#27 Nov 29, 2009
PPL, you guys KNOW you are scumbags, but you like it that way.
Dan

El Segundo, CA

#28 Jan 5, 2010
Dont know what data you are looking at, Pa ia one of the highest per KW in the country by about 2 cents a KW hour
idlemyndz wrote:
<quoted text>
Still cheaper than most utilities in the northeast

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