3 Comments

  1. Vicky Davis
    July 24, 2008 @ 8:27 pm

    Earlier this week I received a notice from my power company, Idaho Power saying that they were going to increase electric rates by 9.9%. After going off like a rocket, I calmed down and did some research.

    It turns out that Idaho Power is a subsidiary of a holding company named IDACORP. IDACORP’S other business is “affordable housing”. I looked into their news archives and found that they started that business in 1998 allegedly using unregulated income from a “green technologies” business. “Coincidently”, they sold the green technologies business in 2006. The veil on this one is rather thin. The 2005 Energy bill gutted PUHCA so they didn’t need to the cover of the “green technologies” business anymore.

    In their explanation of the rate hike, they said the following:
    “Our long-range planning process forecasts nearly 13,000 new customers annually for the next 20 years. Each of them means an investment in infrastructure that provides them the power”.

    A couple of paragraphs before that, they say referring to a chart of the different rates for different customers, “Idaho Power’s specific rate proposals for customer groups seeks to align more closely customers rates with the costs of providing them electrical service”.

    Of course the consumer rate is the highest except for “small general service” which is probably the temporary hookups during construction – just guessing.

    So what they are doing is using their existing customers to subsidize their affordable housing construction business plus they are getting tax credits on their income tax for doing it.

    It’s a racket.

    Reply

  2. john buck
    July 24, 2008 @ 11:06 pm

    good call, information is key.How can we get the word out?Go to Lou Dobbs.com or call 1877-55-DOBBS between the hours of 3-6 pm eastern standard time for an INDEPENDANT PERSPECTIVE

    Reply

  3. Recent Links Tagged With "deregulation" - JabberTags
    October 12, 2008 @ 7:49 am

    […] public links >> deregulation Electricity deregulation in Texas: High cost problems and one solution Saved by timofeji on Sat 11-10-2008 Answering the Libertarians and Their Lies Saved by beach on […]

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *