Lemme get this straight . . . - KEVIN MCCARTHY'S DALLAS DIGEST - QUESTIONS, COMMENTS, CHEERS & JEERS

Not logged in - Login | Register

KEVIN MCCARTHY'S DALLAS DIGEST > QUESTIONS, COMMENTS, CHEERS & JEERS > KEVIN MCCARTHY'S DALLAS DIGEST > Lemme get this straight . . .

Lemme get this straight . . .

Moderated by: Kevin McCarthy

New Topic

Printer Friendly

Author

Post

jellowrestling
Messenger

Joined:	Wed Mar 15th, 2006
Location:	Dark Side Of The Conservative Ghetto
Posts:	11890
Status:	Online
Mana:

21^st Post Fri May 16th, 2008 04:27 am

Quote

Bob Of Burleson wrote: And if electric companies' profits shoot up astronomically, let's see how well the state protects our interests. Hold your breath.

If wholesale price shoot up, electric companies' profits will rise, too.

____________________
Popularity is fleeting, Michael; principles are forever - George W. Bush

Kevin McCarthy
Benevolent Dictator

Joined:	Tue Feb 22nd, 2005
Location:	CABO SAN PLANO, Ireland
Posts:	14413
Status:	Offline
Mana:

22^nd Post Fri May 16th, 2008 02:32 pm

Quote

By ELIZABETH SOUDER / The Dallas Morning News
esouder@dallasnews.com

National Power Co. will stand behind its promise of a low, fixed electricity rate after all, thanks to pressure by the Public Utility Commission.

The Houston electricity retailer informed some customers last week that their fixed rate of around 11 cents per kilowatt-hour would rise to around 15 cents in 45 days. Customers could terminate the contract without paying the usual $300 penalty.

Nearly 400 customers complained to the Public Utility Commission, which began to investigate on Wednesday.

On Thursday, the company met with PUC staff members and announced it would forgo the rate increase.

"All fixed-rate pricing and terms shall remain as originally agreed," National Power chief financial officer David Barrett said in an e-mail.

"National Power Co. apologizes for any confusion caused by the rescinded letter. All customers to whom the rate increase letter was sent ... will receive additional confirmation via mail."

He didn't say why the company wanted to hike rates, or why it chose not to. Mr. Barrett didn't respond to e-mails or phone calls.

PUC spokesman Terry Hadley said the commission isn't ready to conclude its investigation just yet. And the commission hasn't returned National Power's offers to the powerto choose.org consumer Web site, after dropping the company on Wednesday.

"We're still getting calls in to our customer protection division, so we're not prepared at this time to wrap it up," Mr. Hadley said

____________________
Dance like there's nobody watching, Love like you've never been hurt, Work like you don't need the money and Live like it's Heaven on Earth!

OnTexasTime
Now on Daylight savings time.

Joined:	Thu Oct 25th, 2007
Location:	Texas USA
Posts:	2832
Status:	Offline
Mana:

23^rd Post Fri May 16th, 2008 02:42 pm

Quote

Kevin McCarthy wrote:
"National Power Co. apologizes for any confusion caused by the rescinded letter. All customers to whom the rate increase letter was sent ... will receive additional confirmation via mail."

A) if they had spent half the time thinking about what they were fixing to do, as they have spent trying to get out of the mess -- they might not be in the boat they are now in.

B) it's not cheap to send out mass mailings, and particularly since they are not going to get a financial return on either of the two mailings

C) they now have a damaged reputation going to forward

Last edited on Fri May 16th, 2008 02:43 pm by OnTexasTime

____________________
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)

Current time is 07:54 am

Page:

1 2