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Sunday, February 19, 2012

Put your money on the table


Steam from our power plant.

* SJR Opinion: Don’t jeopardize reliability of CWLP.

We’d much prefer that customers pay, on average, another $8.35 a month now to ensure reliable service for years to come than some unknown extra amount down the road to pay for higher interest charges on borrowing. And those higher interest charges, we believe, would go toward maintaining what at that point would be a greatly diminished asset.

Personally, I support the rate increase for the reasons stated in the opinion. Also, if we become unable to make the interest payments on the bonds, we run the risk of a take-over by another utility, or worse, a non-utility. Maybe. And, despite what the free-marketers say, providing electricity is one place government works best. At least in our case.

Despite all that, the City of Springfield and City Water Light and Power have a serious trust problem with the citizens of this town. Giant bonuses and wage increases have been given, among other things. And, while I don't think anyone has actually lied to us, essential, decision-making information has been withheld from the people. I have never seen it this bad.

* Here's an acoustic Boz Scaggs to make all our problems go away. For a few minutes, anyway.

Posted by Marie at February 19, 2012 8:25 PM


Not a big fan of utility company takeovers here, either. It was constantly argued in New Orleans when I was living in one of their suburbs and it's been voted on here in Bush twice. The local "for profit" utility desperately wants the customers our non profit co-op has. They didn't care about us at all when we didn't have as many customers and were paying the ridiculously high rates. Now that our rates are continually going down, why should we care about them?

Posted by: Rob Author Profile Page at February 20, 2012 6:37 AM

Good for you for resisting them, Rob. Co-ops and municipal utilities are accountable to the people they serve. For profits are only accountable to their shareholders.

Posted by: Marie Author Profile Page at February 20, 2012 11:17 PM

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