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Utility Rate Increases: Why no one is looking out for you

12/26/2011

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If you pay an electric bill, there is a recent series of excellent articles in The Columbus Dispatch that you simply must read.

Power Play:  Politics in Ohio Utility Oversight is the work of an investigative journalist who dug deeply into the Ohio Public Utility Commission to find out why electric rates are increasing so rapidly.  What he uncovered through FOIA requests and interviews with current and former state officials didn't smell so good.

Corruption, collusion and regulatory capture aren't unique only to Ohio, however.  The exact same thing happens in every state in the nation, including West Virginia, Maryland and Virginia (but it only works for you there if your parent company name is Dominion Resources, right, PATH?).  It also happens at the federal level, where power company lobbyists constantly whisper in FERC's ear.

This is why PATH was spending YOUR money on a program of increasingly unsavory deeds intended to influence the state utility commissions considering their applications for the project.  These costs PATH recovered from you have produced two Formal Challenges to FERC by consumers, one for their 2009 expenses and one for their 2010 expenses.

Because this is how the regulatory game is played, you will never succeed at playing it by their rules.  And the corporate buyout of regulatory agencies happens because you've been conditioned to think of it as only a nickel or a dime, or a handful of pennies. 

"Tut, tut, tut, little ratepayer, don't worry your pretty little head about such complicated concepts as ratemaking -- we make that confusing on purpose so you will just shrug your shoulders, pony up your monthly nickel, and leave us in peace with the public officials who are supposed to be looking out for your interests but are really in our pockets instead."

And the energy corporations will continue to book record profits until you consumers start to care enough to make some changes.  Look me up when you're on board and we'll set sail...


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    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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