NAVIGATION
|
NEWS TIPS!RightMichigan.com
Who are the NERD fund donors Mr Snyder?Tweets about "#RightMi, -YoungLibertyMI, -dennislennox,"
|
Who will Pay More.By JGillman, Section News
Member RightMich posted a snippet reporting MichCon's surcharge plans.
And there is more.. As I commented, current Natural Gas BTU cost is a THIRD of what it was at this time last year. Electricity generation costs are off a few percent as well. I do not expect rates to be lightened, and there is a reason. Currently Utilities providers are operating under a little different operating agreement. Below the fold is a repost of an article I wrote on Michigan Taxes.. One year ago. As we have seen, Sheen's wisdom was ignored.
WHO WILL PAY MORE? Michigan Electricity Part II
Futlon Sheen commenting on the passage and explains his NAY vote:
"Mr. Speaker and members of the House: He is correct. And acting on PRINCIPLE, a rarety in the Michigan legislature it seems, he and Jack Hoogendyk, and a few others voted to not allow this obvious setback of Michigan energy policy. What Michigan government has done is raised the cost on Michigan residents when they are already reeling from higher fuel and heating costs. And though some say BUSINESS will receive some advantage in electrical rates, it is all just a matter of reshuffling the deck, and a little sleight of hand. PEOPLE will pay more. You, Me, and anyone who lives in or vacations here. Business paying less? Not likely. When you add the pay raise requests of the employees who all of a sudden are facing an extra $20 or more a month in electric rates per household, it all plays in the double dealt hand we have gotten from the bottom of the deck. Proponents have said the electric rates will "only" increase $6.50 a month for the average homeowner who pays $75 as month. Yes.. The average home owner who has CNG water heat, Stove, and goes to bed at 8pm. Gratuitous Friedman Quote:
"Monopolies come from many sources, but direct and indirect government intervention is the most common, and it should be stopped wherever possible." Arguably, the most economically astute man who has ever lived. Monopolies exist, but for a short time.. unless they are institutionalized by government. Free markets allow the challenge of emerging companies to break the monopolies by bringing a similar product to market in newer and more efficient ways. In this case, if wind, solar or other renewable electricity producing products can be brought as an efficient alternative to the current production set, then they would prosper on their own. The mandate as determined by those who have little understanding of how markets work or even the scientific basis of the production of electricity leaves us with law designed to protect inefficiency of the large energy concerns while they attempt to proceed in the path they had already started down on.
IN OTHER WORDS.. It was critical to Consumers and DTE that this legislation be passed, as they already would be planning rebuilding, restructuring, and ( presumably ) innovating. Now they have breathing room, and can afford to be inefficient. NOW, they can proceed as planned but have the risks assumed by the citizens of MICHIGAN.
Who will Pay More. | 0 comments ( topical, 0 hidden)
|