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Bob Of Burleson
...And the smell of gunsmoke
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1st Post Thu May 15th, 2008 04:17 pm | |
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State agency is investigating electric retailer
Star-Telegram
AUSTIN -- National Power Co., a small Houston-based electric retailer, has found itself in hot water with Texas regulators.
The company last week sent letters advising customers that it was canceling existing fixed-rate plans and jacking up prices. That means some customers who signed annual contracts last win- ter could see their bills go up by as much as 50 percent, according to figures provided by the Texas Public Utility Commission.
On Wednesday, the PUC announced that it was launching an investigation. The PUC also removed National Power from the state's Web site that lists competitive electric offers for consumers.
A PUC spokesman said that appropriate company officials have not responded to agency inquiries. "Texas law and PUC rules require that electricity customers be protected from misleading or deceptive practices," the PUC said in a release Wednesday.
A customer-service official for National Power declined to comment or to provide other contact phone numbers for the company. She said she would pass a message from the Star-Telegram on to company officials, who did not respond by Wednesday.
The regulatory action came after the Star-Telegram this week reported on inquiries by the PUC's enforcement division into National Power.
"A fixed-rate deal is a fixed-rate deal," PUC Chairman Barry Smitherman said Tuesday. "If I get a fixed-rate mortgage, I assume that I'm going to pay the same amount for the life of the mortgage, regardless of what happens in the interest-rate market."
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CactusHopper
Member
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2nd Post Thu May 15th, 2008 04:34 pm | |
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| But.......but.................but...........the market place.........
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Zephyr said his deadliest catch was the bullhead clap he passed on to his third wife.
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Zephyr
Hosiery Inspector
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3rd Post Thu May 15th, 2008 04:44 pm | |
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CactusHopper wrote: But.......but.................but...........the market place.........
Yeah! What about THOSE guys?
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"I'd like ya to see things from my point of view, but I'm not sure you can stick your head that far up your a**" - CactusHopper
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Sam
Renaissance Man
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4th Post Thu May 15th, 2008 04:46 pm | |
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CactusHopper wrote: But.......but.................but...........the market place.........
The marketplace is going to kick these guys in the seat. If not the PUC, then a class action suit would have ripped them to shreds.
I know enough about contract law to tell you that no court would enforce a unilateral change in contract terms.
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That government is best which governs least. - Thomas Paine
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Darth Penguin
High Penguin of the Sith
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5th Post Thu May 15th, 2008 04:56 pm | |
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CactusHopper wrote: But.......but.................but...........the market place.........
This is a good example of proper government intervention in the marketplace. There was a private contract between two private parties. The stronger of the two parties decided to use its power to break the contract to its advantage.
Now, granted that there would have been a class-action lawsuit and the customers would have won, but this makes it quicker.
See, a government that forces people to uphold legal contracts is a good thing.
Edit: And as for the marketplace, the company was willing to take a risk on price fluctuations to get new customers. They lost. Now they should have to face the consequences.
Last edited on Thu May 15th, 2008 04:57 pm by Darth Penguin
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“The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.”
“Very little is needed to make a happy life; it is all within yourself, in your way of thinking”
Marcus Aurelius
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CactusHopper
Member
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6th Post Thu May 15th, 2008 04:59 pm | |
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Darth Penguin wrote: CactusHopper wrote: But.......but.................but...........the market place.........
This is a good example of proper government intervention in the marketplace. There was a private contract between two private parties. The stronger of the two parties decided to use its power to break the contract to its advantage.
Now, granted that there would have been a class-action lawsuit and the customers would have won, but this makes it quicker.
See, a government that forces people to uphold legal contracts is a good thing.
Edit: And as for the marketplace, the company was willing to take a risk on price fluctuations to get new customers. They lost. Now they should have to face the consequences.
I must be sick................I agree with ya!
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Zephyr said his deadliest catch was the bullhead clap he passed on to his third wife.
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Bill in Garland
Member
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7th Post Thu May 15th, 2008 05:07 pm | |
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CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !!Last edited on Thu May 15th, 2008 05:08 pm by Bill in Garland
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When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.
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CactusHopper
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8th Post Thu May 15th, 2008 05:12 pm | |
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Bill in Garland wrote: CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !! Don't get smart with me or I'll draw attention to The Chicago Bears............
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Zephyr said his deadliest catch was the bullhead clap he passed on to his third wife.
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Bill in Garland
Member
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9th Post Thu May 15th, 2008 05:14 pm | |
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CactusHopper wrote: Bill in Garland wrote: CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !! Don't get smart with me or I'll draw attention to The Chicago Bears............
Well, as far as getting smart goes, I can't help it. But come playoffs time in the NFL, the Bears will draw plenty of attention on their own!!
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When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.
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CactusHopper
Member
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10th Post Thu May 15th, 2008 05:15 pm | |
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I see you forgot your smart pills today..........
Do the Bears get a discount when they BUY playoff tickets?
Last edited on Thu May 15th, 2008 05:17 pm by CactusHopper
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Zephyr said his deadliest catch was the bullhead clap he passed on to his third wife.
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Zephyr
Hosiery Inspector
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11th Post Thu May 15th, 2008 05:19 pm | |
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Bill in Garland wrote: CactusHopper wrote: Bill in Garland wrote: CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !! Don't get smart with me or I'll draw attention to The Chicago Bears............
Well, as far as getting smart goes, I can't help it. But come playoffs time in the NFL, the Bears will draw plenty of attention on their own!!
Hell, the Bears' arrest records alone will make good reading at playoff time.
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"I'd like ya to see things from my point of view, but I'm not sure you can stick your head that far up your a**" - CactusHopper
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Bill in Garland
Member
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12th Post Thu May 15th, 2008 05:21 pm | |
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Zephyr wrote: Bill in Garland wrote: CactusHopper wrote: Bill in Garland wrote: CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !! Don't get smart with me or I'll draw attention to The Chicago Bears............
Well, as far as getting smart goes, I can't help it. But come playoffs time in the NFL, the Bears will draw plenty of attention on their own!!
Hell, the Bears' arrest records alone will make good reading at playoff time.
They've got a long way to go to catch up with the Cowboy's rap sheets.
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When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.
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Zephyr
Hosiery Inspector
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13th Post Thu May 15th, 2008 05:23 pm | |
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Bill in Garland wrote: Zephyr wrote: Bill in Garland wrote: CactusHopper wrote: Bill in Garland wrote: CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !! Don't get smart with me or I'll draw attention to The Chicago Bears............
Well, as far as getting smart goes, I can't help it. But come playoffs time in the NFL, the Bears will draw plenty of attention on their own!!
Hell, the Bears' arrest records alone will make good reading at playoff time.
They've got a long way to go to catch up with the Cowboy's rap sheets. Hey, when the Cowboys do something, they do it First-Class.
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"I'd like ya to see things from my point of view, but I'm not sure you can stick your head that far up your a**" - CactusHopper
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OnTexasTime
Now on Daylight savings time.
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14th Post Thu May 15th, 2008 05:29 pm | |
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Bill in Garland wrote: CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !!
ATTA Boy Bill 
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I am a member of 20 of the 39 Inner Circles here. Well, I know of 39 of them. I am pretty sure there are more, but they are keeping them secret from me.
(not a member of the Inner Circle that keeps up with the day of the week for Orphie)
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CactusHopper
Member
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15th Post Thu May 15th, 2008 05:30 pm | |
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OnTexasTime wrote: Bill in Garland wrote: CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !!
ATTA Boy Bill
Ya know yer wrong when the folks from the dumb side of the river start agreeing with ya...................
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Zephyr said his deadliest catch was the bullhead clap he passed on to his third wife.
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OnTexasTime
Now on Daylight savings time.
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16th Post Thu May 15th, 2008 05:31 pm | |
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Darth Penguin wrote:
See, a government that forces people to uphold legal contracts is a good thing.
+ 1
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I am a member of 20 of the 39 Inner Circles here. Well, I know of 39 of them. I am pretty sure there are more, but they are keeping them secret from me.
(not a member of the Inner Circle that keeps up with the day of the week for Orphie)
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jellowrestling
Messenger
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17th Post Thu May 15th, 2008 09:31 pm | |
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OnTexasTime wrote: Darth Penguin wrote:
See, a government that forces people to uphold legal contracts is a good thing.
+ 1
+2
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Popularity is fleeting, Michael; principles are forever - George W. Bush
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Mark
member
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18th Post Thu May 15th, 2008 09:50 pm | |
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Look out ahead.....
I heard a whisper last week from a small electric co-op that the wholesale price of electricity will shoot to over 20 cents per kwh in the coming year.
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Bob Of Burleson
...And the smell of gunsmoke
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19th Post Thu May 15th, 2008 11:22 pm | |
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And if electric companies' profits shoot up astronomically, let's see how well the state protects our interests. Hold your breath.
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houston
Member
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20th Post Fri May 16th, 2008 12:36 am | |
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Zephyr wrote: Bill in Garland wrote: Zephyr wrote: Bill in Garland wrote: CactusHopper wrote: Bill in Garland wrote: CactusHopper wrote: I must be sick................I agree with ya!
See, that's what happens when you drink milk instead of that dim koolaid !! Don't get smart with me or I'll draw attention to The Chicago Bears............
Well, as far as getting smart goes, I can't help it. But come playoffs time in the NFL, the Bears will draw plenty of attention on their own!!
Hell, the Bears' arrest records alone will make good reading at playoff time.
They've got a long way to go to catch up with the Cowboy's rap sheets. Hey, when the Cowboys do something, they do it First-Class. Arkansas Jones knows how to pick 'em. Bet he has an "in" with the parole board
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