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Jim Justice's Rocket Ride to Higher Electric Rates

12/7/2016

1 Comment

 
Transition teams... landing teams... 24 clowns in a VW Beetle who are subject matter experts, who hasn't heard enough of this nonsense yet?

Sorry.  I'm really sorry I feel compelled to actually write about a "transition team."  But I guess that's what happens when we elect buffoons to public office.  Well, let me revise that... when YOU elect buffoons to public office.  My hands are clean.

Yesterday, West Virginia Governor-elect Jim Justice announced his "transition team."  It's a list filled with corporate interests.  You voters are not on Jim's team.
"This is about getting the best and brightest in the same room to share their ideas for taking West Virginia on a rocket ride to the top."
I'll assume that's a rocket ride to the top of all the bad lists, such as the cost of electricity.  Thanks a bunch, Jim!

Jim surely likes his rocket rides.  Google "Jim Justice + Rocket Ride" and you'll find that he's been riding his rocket all over the place in the past few months.  Must be one hell of a rocket, carrying a big guy like Jim all over like that.

But it doesn't take a rocket scientist to figure out why Jim named former FirstEnergy CEO Tony Alexander to his scheme team.  Mr. and Mrs. Tony Alexander of Akron, Ohio, have historically been very, very concerned about the state of political affairs in West Virginia.  Do you think that someday, hopefully, we may be good enough for them to actually live here and be buffeted by the consequences of their own political dabbling?

Oh, my, look who contributed to Big Jim's gubernatorial campaign!
Aug 17, 2016       
Becky S. Alexander
2936 Ironwood Dr
Akron OH 44312-5809
Contributor's job: homemaker
Where contributor works: self
 $1,000.00

Aug 17, 2016     
Anthony J Alexander, Sr
2936 Ironwood Dr
Akron OH 44312-5809
Contributor's job: Executive Chairman
Where contributor works: First Energy
$1,000.00
Wow, you're a pretty cheap date for a rich guy, Jim.  In fact, I could almost afford you myself.  But you're a fashion accessory I don't need. I don't think you'd go with my outfit... ever.

So, Tony the Trickster (and here I thought I'd have to give up that rather delicious nickname when he retired) listed his job as "Executive Chairman" of FirstEnergy.  Except FirstEnergy's list of its Board of Directors no longer includes his grimacing mug.

Whose interests does Tony represent as part of Jim's rocket team?  Does he still represent FirstEnergy's interests?  Or does he simply represent his own interests?  I'm pretty sure he still owns a sack full of FirstEnergy stock that he was awarded in compensation for his piloting of FirstEnergy's rocket down the highway to hell for a number of years.  Is FirstEnergy paying him for his time spent advising Big Jim?  Or is he a free agent, simply volunteering his time as a community service to a community in which he would never deign to reside?

But I'm sure our rocket will get some great polish from Tony the Trickster!  He's the one who bought up Allegheny Energy's antique coal fleet, then tried to be a merchant generator and dabble in customer choice markets until his FirstEnergy Solutions subsidiary nearly went broke.  I'm certain FirstEnergy was terribly sorry to see him retire before he reached age 65, and never would have considered jettisoning him due to fears that he would bankrupt the entire company before he left.

He's Tony the Trickster!  He's everyone's best pal!

This is like a classic horror flick... just when you think the monster has been vanquished he pops out of the closet and
1 Comment
KF
12/19/2016 04:48:06 am

https://www.zacks.com/stock/news/242749/firstenergy-files-for-approval-of-stake-sale-capacity-hike

Reply



Leave a Reply.

    About the Author

    Keryn Newman blogs here at StopPATH WV about energy issues, transmission policy, misguided regulation, our greedy energy companies and their corporate spin.
    In 2008, AEP & Allegheny Energy's PATH joint venture used their transmission line routing etch-a-sketch to draw a 765kV line across the street from her house. Oooops! And the rest is history.

    About
    StopPATH Blog

    StopPATH Blog began as a forum for information and opinion about the PATH transmission project.  The PATH project was abandoned in 2012, however, this blog was not.

    StopPATH Blog continues to bring you energy policy news and opinion from a consumer's point of view.  If it's sometimes snarky and oftentimes irreverent, just remember that the truth isn't pretty.  People come here because they want the truth, instead of the usual dreadful lies this industry continues to tell itself.  If you keep reading, I'll keep writing.


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