Sunday, October 08, 2006

An Idle Threat

If we don't let Com-Ed charge wildly inflated rates for power, they're going to go bankrupt. Channel 2 and Channel 7 coverage.

What is implied is that they're going to pack up their power plants, shut off everyone's electricity and go home to play with their neutrons, electrons, carbon rods, coal filters and whatever else it takes to generate power in Illinois.

Typical scare tactic. Typical BS. While rates freezes are probably one of the worst moves government can try to impose on what should be a free economy, we still remember that Com Ed certainly isn't losing money by any stretch of the imagination. It is an impossibility to generate power and lose money - at least if you're doing it honestly - this is Illinois after all.

14 Comments:

Anonymous Tommy Edison said...

Economics 101-

There are government restrictions in a monopoly (power company), hence the rate freeze. That's how they keep 'em from charging whatever they want.

10/08/2006 12:45:00 AM  
Anonymous Sluggo said...

If we do let Com-Ed charge wildly inflated rates, I will go bankrupt.

10/08/2006 02:15:00 AM  
Anonymous Anonymous said...

I don't mind a reasonable rate hike,after all I like my:
CABLE TV
LIGHTS ON IN THE HOUSE
2-REFRIG
STOVE (FOR THOSE WHO USE ELEC TYPE.
5-RADIOS
GAGAGE DOOR OPENER
TELEPHONES W/ANSWERING MACHINES
HEAT (two furnaces)
AIR CONDITIONING (two cent. air/cs)
4-CELL PHONE CHARGERS
TOASTER
These are basics, just think of all of the other contraptions one has.

A reasonalble hike.

10/08/2006 02:50:00 AM  
Anonymous Anonymous said...

Correct me if I'm wrong, and I very well may be.(it was 10yrs ago and I was drunk) But wasn't the rate freeze implemented by the government for the last 10yrs to serve as a punishment for CommEd raping us previously?? Wasn't that freeze a court order??
That's why I don't understand why they're crying poor. CommEd trying to turn the tables and switch the blame to the greedy comsumer who wants to rip off poor innocent comm ed, instead of the other way around. Classic example of manipulation.

10/08/2006 05:26:00 AM  
Anonymous Anonymous said...

I dont think the bankruptcy threat is BS

The Bond Raters have rated their bonds as junk

They cant provide electricity for free

In California the government tried to freeze rates and now theyre always brown outs in the summer

Id rather pay and keep the power on

I am not an Exelon stock holder just a retired copper who knows what you get for nothing

10/08/2006 06:18:00 AM  
Anonymous Anonymous said...

I have several relatives and friends who are Com Ed employees. They tell me stories of how Edison is Screwing their employees, cutting jobs and deferring maintenence all in the name of profits. They are very frustrated and unhappy with Com Ed. In fact as a group they seem to be as bitter and demoralized as the CPD.

10/08/2006 07:07:00 AM  
Anonymous Anonymous said...

Just think how you'd be bitchin' if you didn't get a raise for over 10 years.......OH MY GOD!!!

10/08/2006 02:21:00 PM  
Blogger frhe sjgg said...

Take a look at Con Ed's balance sheet. Read the annual report and the 10Q and 10k...


They just hate not making MORE money than usual.

Hope you are having a good weekend.

Be safe out there.

Sincerely,
Anne Elizabeth

10/08/2006 06:20:00 PM  
Anonymous fed up with utility profit games said...

Com-ED needs to cease screwing around and replace the faulty generator, their waiting till it goes completely down even though they already know they have a serious problem. Which by the way always comes back to those of us trying to keep steady service going while flipping the bill and they want more? Did anyone send them the emptied tea bag in with their mailed bill?.

Telephone company likewise replace those faulty lines instead of waiting for further major problems to occur.

10/08/2006 06:20:00 PM  
Anonymous Anonymous said...

let's all get our own windmills and generate our own electicity....
f*ck ComEd. The CEO and co are just crying for a better golden parachute.

10/08/2006 07:35:00 PM  
Blogger leftisthebest said...

Another example of big business allowed to do what they wish. As much as I'd like to blame the GOP, alas, here in Illinois they were also in bed with the Democrats.

Remember when the multi-million dollar burner was built in dirt poor, south suburban Robbins? The only reason it was built was big business took advantage of one of the poorest communities in the nation.

The law at the time allowed garbage incenerators to sell back converted energy at a higher rate then normal. When that law was struck down by the courts, down went the plant and the money for Robbins' poor.

Nope, my freiends, it is class warfare. The rich taking money from the mouths of the working classes. Wake up America!

10/08/2006 07:40:00 PM  
Anonymous Anonymous said...

quit being like the shit heads wanting evrything for nothing

They have costs involved and these costs rise
I dont want to end like California

Fair is fair

10/08/2006 08:38:00 PM  
Anonymous Anonymous said...

this is just some more B.S. Com Ed makes GIANT profits and always will. They have stockholders, and are obligated to make more doe for them, so they don't have to hear them bitch. When is enough - enough? COM ED IS LOADED, don't let them shit you !!!
P.S. LEFTISBEST SUCKS ...

10/08/2006 11:32:00 PM  
Anonymous Anonymous said...

DUMP DALEY

10/08/2006 11:33:00 PM  

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