Callahan Blasts Dent For PPL Electric Rate Hikes - Regional News - Lehigh Valley Story - WFMZ All...

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Bethlehem Mayor and Democratic Congressional candidate John Callahan wants Pennsylvania's Public Utilities Commission to investigate PPL for price fixing and profiteering.
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21 - 37 of 37 Comments Last updated Nov 1, 2010
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Don

Bethlehem, PA

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#21
Oct 30, 2010
 
Young Voter wrote:
<quoted text>
--Do you know what fuel costs? A lot. That's where energy comes from. It takes money to make power.
--The trucks are leased, not owned.
--The new poles and upgrades are replace old poles and ensuring the lights stay on...since its been a long time since the infrastructure was upgraded.
--After taxes,$10,000 bonus is not much for people who work on a salary and much more than 40 hrs a week.
--You are quite an uninformed person.......
You seem to be the one uninformed. This is profit after all expenses.
Thetruthman

Allentown, PA

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#22
Oct 30, 2010
 
Can some please tell Mrs. Holz to turn some of your lights off.
Bob

Phillipsburg, NJ

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#23
Oct 30, 2010
 
gk61m wrote:
Callahan's statements about PP&L's profits are completely bogus and election motivated. When a storm takes out your power, where do you think the money comes from to pay for the emergency overtime? It doesn't take a rocket scientist to figure out that the money comes from profits! Unlike the government, which, when it spends money it doesn't have, iit just prints the difference, PP&L and other businesses have to earn the money FIRST, before they can spend it. That Mayor Callahan has no understanding of this simple concept, show his complete ignorance of how a business operates.
The money to pay for storm damages does not come from the profits. Profits are what is left after expenses are deducted. While storm expenses might affect the profits they are not paid out of the profits.

Every corporation has a right to make a profit but not excessive profits at the expense of the consumer that is struggeling to keep afloat.
Bob

Phillipsburg, NJ

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#24
Oct 30, 2010
 
Young Voter wrote:
<quoted text>
--You are quite misinformed, Bob.
--Get an education, learn about the energy business, and you will then be a well informed voter and contributor.
Well I guess what I do understand is that $22 million going to naming rights for a soccer stadium does not contribute to the electric industry. A subject that you so convieniently avoid. You have alot to learn.
Rumorz

Emmaus, PA

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#25
Oct 30, 2010
 
Hey, reporting staff, go dig up information on PPL putting itself up for sale. Check it out.

On the rate hikes: that was up to the PUC. Why does anyone expect low-paid bureaucrats to win ANYTHING from well-paid, seasoned regulatory attorneys and their staff?

Expect less from them, then you can feel little disappointment.
gk61m

Allentown, PA

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#26
Oct 30, 2010
 
Bob wrote:
<quoted text>
The money to pay for storm damages does not come from the profits. Profits are what is left after expenses are deducted. While storm expenses might affect the profits they are not paid out of the profits.
Every corporation has a right to make a profit but not excessive profits at the expense of the consumer that is struggeling to keep afloat.
Well, gee Bob. Good guess, but wrong! Much of the equipment used on those trucks are capitalized, not expensed. That means the company can only expense a portion of the actual cost in any given year. It could take years to recover the cost. It's not like the company is buying a toaster, it takes huge sums to buy their equipment.
Young Voter

Nazareth, PA

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#27
Oct 30, 2010
 
Bob wrote:
<quoted text>
Well I guess what I do understand is that $22 million going to naming rights for a soccer stadium does not contribute to the electric industry. A subject that you so convieniently avoid. You have alot to learn.
--Wrong again Bob, the branding of the stadium is for a subsidiary of PPL Corporation, a company that has nothing to do with residential electric delivery. Wrong, wrong, wrong......don't express an opinion if you don't understand the complexities of the issue.
--Does it contribute to the electric industry, yep. A subsidiary company in the deregulated environment needs to advertise to get and keep customers to make profits and survive. Ever heard of Coca Cola Stadium........
Young Voter

Nazareth, PA

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#28
Oct 30, 2010
 

Judged:

1

Don wrote:
<quoted text>
You seem to be the one uninformed. This is profit after all expenses.
--Poor Don, profit that is then returned to the owners. Ever hear of the word "public" and "shareholder." They get the profits in the form of dividends, which are then taxed by the govt that builds the roads, protects your sorry butt, and more.
--Get an education Don, don't comment if you don't have all the facts.....I win again.
Thetruthman

Allentown, PA

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#29
Oct 30, 2010
 
What has happen to America? It's like we would rather award failure instead of success. It's pretty sad Mr. Callahan has no message and would rather paint Dent has the Evil Corporate guy. Last I checked by opening up the market to market prices it has brought in companies to PA to go head to head with PPL. It's not like PPL is holding people at gun point and telling these costumers keep PPL or else. People now have a choice and if PPL made a 250 million dollar profit that is great for them, maybe that will trick down to some jobs in the Lehigh Valley. Beside why is Mr. Callahan worried about how much people are spending on electric when all he will be is a rubber stamp for cap and trade?
Bob

Phillipsburg, NJ

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#30
Oct 30, 2010
 
Young Voter wrote:
<quoted text>
--Poor Don, profit that is then returned to the owners. Ever hear of the word "public" and "shareholder." They get the profits in the form of dividends, which are then taxed by the govt that builds the roads, protects your sorry butt, and more.
--Get an education Don, don't comment if you don't have all the facts.....I win again.
Nope Young Voter, you are wrong again. The only thing you are correct in is inflating your over inflated ego. You have no idea of how business works. You have no idea of the real world just something you read in a text book. I love messing with your mind. The more I mess the more I get under your skin and that makes ME THE WINNER.
Bob

Phillipsburg, NJ

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#31
Oct 30, 2010
 
gk61m wrote:
<quoted text>
Well, gee Bob. Good guess, but wrong! Much of the equipment used on those trucks are capitalized, not expensed. That means the company can only expense a portion of the actual cost in any given year. It could take years to recover the cost. It's not like the company is buying a toaster, it takes huge sums to buy their equipment.
Well gee, you are wrong. Profit is profit no matter how you twist it in the end it is still profit after expenses are deducted. The expenses are written off over a period of years which brings their taxes down when their income is high. I have owned a business for 35 years and I know how it works and it does work to my advantage as it does PPL.
gk61m

Allentown, PA

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#32
Oct 31, 2010
 
Bob wrote:
<quoted text>
Well gee, you are wrong. Profit is profit no matter how you twist it in the end it is still profit after expenses are deducted. The expenses are written off over a period of years which brings their taxes down when their income is high. I have owned a business for 35 years and I know how it works and it does work to my advantage as it does PPL.
Owned a business for 35 year? Good for you! Then you know you have to keep putting money back into the business to keep up, or the business will ultimately fail. This is especially true of a capital intensive business like PP&L. For the first 9 months of the year, PP&L spent $980 million on property, plant and equipment -- almost DOUBLE what the company earned for the same period. Future capital needs are expected to be even more. Do you think that those funds are just going to fall off the turnip truck?
LeftWingLiberal

Berwick, PA

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#33
Oct 31, 2010
 
Young Voter wrote:
<quoted text>
--Do you know what fuel costs? A lot. That's where energy comes from. It takes money to make power.
--The trucks are leased, not owned.
--The new poles and upgrades are replace old poles and ensuring the lights stay on...since its been a long time since the infrastructure was upgraded.
--After taxes,$10,000 bonus is not much for people who work on a salary and much more than 40 hrs a week.
--You are quite an uninformed person.......
Looks like PPL's PR dept is even working overtime.
OLD MAN

Bethlehem, PA

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#35
Oct 31, 2010
 
IS WFMZ GOING TO RUN THIS TILL NOV. 2 nd.
FREE AD FOR THE DEMS.

“"two wings of the same bird"”

Since: May 09

Home..... is where the ammo is

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#36
Oct 31, 2010
 
Dent is a yes man to all that throw piles of cash his way. Those are who he represents the best. He lobbys hard to get walking around money tio throw at his supporters, that way they can contribute to his campaigns without spending out of pocket. The morning call and other supporters tell you that he voted against the stimulus. This is a half truth and VERY misleading, truthis he voted no on the first draft but after another billion and a half of pork was added, he was a yes man all the way like your typical career politician. Ol' Charlie jus loves him some pork.

Vote for representation for the people not the elite and the establishment.
Vote Jake Towne.
http://towneforcongress.com/
tommy

Quakertown, PA

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#37
Oct 31, 2010
 
callahan all you do is bow down to parks and desalvio---where was callahan when ppl was getting ready to bone us--doing nothing going tpo the casino-----callahan is not to be trusted
Mark

Westbrook, ME

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#38
Nov 1, 2010
 
Sounds like Callahan is trying anything he can to make Dent look bad, and yet in the end it shows how Callahan simply doesn't understand what he is talking about.

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