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(CBC)   When a company has a monopoly they can raise power rates for the 7th time in 11 years and then throw a lavish party the next day   (cbc.ca) divider line 97
    More: Sick, Emera, Halifax, Nova Scotia Power, parent company  
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14402 clicks; posted to Main » on 15 May 2012 at 12:33 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-15 12:34:13 AM
Clearly they should have invited their customers to the party.
 
2012-05-15 12:35:09 AM
Same thing happens in Japan too. Tokyo Denryoku had a bunch of nuclear reactors melt down last year, so they asked everyone to pitch in to conserve energy.

This had the side effect of reducing usage and ultimately income for To-den. In order to make the bonuses for the employees, they are going to raise rates to make up the shortfall.

Sons of biatches.
 
2012-05-15 12:39:54 AM
I am done trying to conserve anything. You just get screwed in the end anyway when they just jack up the rates. Either way you are going to get subjected to economic anal rape, so you may as well enjoy it and use whatever the hell you want and can pay for. Actually I dont really get all the weenies here in CA that cry about folks not saving water or not driving an efficient enough vehicle. Mind your own damn business. If I am paying for it, what the fark is it to you?
 
2012-05-15 12:42:23 AM
People complain that they raise their rates every month. To be fair, of the 257 rate increase requests they filed last year, only 12 were actually approved.
 
2012-05-15 12:42:33 AM
If only there was a device for getting rid of aristocrats....
 
2012-05-15 12:43:19 AM
"The company would not reveal the price tag for the event, but said it was paid for by Emera shareholders and not Nova Scotia Power customers"

Shareholders... where do they get their money?
 
2012-05-15 12:44:56 AM

Ima4nic8or: I am done trying to conserve anything. You just get screwed in the end anyway when they just jack up the rates. Either way you are going to get subjected to economic anal rape, so you may as well enjoy it and use whatever the hell you want and can pay for. Actually I dont really get all the weenies here in CA that cry about folks not saving water or not driving an efficient enough vehicle. Mind your own damn business. If I am paying for it, what the fark is it to you?


Well, if you're in CA isn't water a finite resource?

/still try to conserve water here in MI because I would like to not spend more on my garden then I need to
 
2012-05-15 12:46:06 AM
By looking at the Menu it doesn't seem to be that lavish. But I have never been to Halifax so this may be the "fancy" restaurant in town...
 
2012-05-15 12:48:52 AM
Avista in Oregon, Washington and Idaho isn't any better. Natural gas prices have dropped like rocks, yet Avista is still finding ways to request constant rate increases for "operation and maintenance" every year anyway, while also giving their CEO a $250,00 increase in compensation to a grand total of $3.49 million dollars this year.

Yay for being a monopolistic private utility.
 
2012-05-15 12:49:25 AM
Nova Scotia has electricity?
 
2012-05-15 12:50:23 AM
Privatizing utilities will ALWAYS generate this bullshiat. Captive markets breed bell tower snipers.
 
2012-05-15 12:55:22 AM

Tellingthem: By looking at the Menu it doesn't seem to be that lavish. But I have never been to Halifax so this may be the "fancy" restaurant in town...


I used to eat lunch at Salty's with some regularity...it's not particularly expensive, but as with most places, you can run up a bill if you set out to do so. Fairly good seafood + liquor licensed = pretty much unlimited spending opportunities.
 
2012-05-15 12:55:34 AM
Life imitates art?

i46.tinypic.comi46.tinypic.com
 
2012-05-15 12:58:16 AM

Oldiron_79: If only there was a device for getting rid of aristocrats....


Yep, say what you may about Les Frogs.

But when it comes right down to it they at least at one point in history knew how to deal with these kinds of crooks.

www.mojoimage.com

A short ride in a hay-cart to the local public square where they were introduced to the not so sweet kiss of Madame la Guillotine.
 
2012-05-15 01:02:54 AM

Ima4nic8or: I am done trying to conserve anything. You just get screwed in the end anyway when they just jack up the rates. Either way you are going to get subjected to economic anal rape, so you may as well enjoy it and use whatever the hell you want and can pay for. Actually I dont really get all the weenies here in CA that cry about folks not saving water or not driving an efficient enough vehicle. Mind your own damn business. If I am paying for it, what the fark is it to you?


I'm paying for it too. So are your children. So are my children. You don't live in a vacuum. Your choices affect everyone around you.
 
2012-05-15 01:03:12 AM
Back when my company was owned by Westar, CEO David Whitig used us as his personal wallet I'm told. And it wasn't paid back in full, just a portion of it was.

We didn't become profitable until last quarter. Mostly because of his douchey mishandling funds.
 
2012-05-15 01:05:57 AM
Why do Canadians hate success?

Jealous, eh?
 
2012-05-15 01:09:39 AM
FDR was right when he said electricity should belong to the people.
 
2012-05-15 01:11:41 AM
But... but they're socialists. How can Canada have power companies, let alone tolerate a monopoly?
 
2012-05-15 01:18:52 AM

super_grass: But... but they're socialists. How can Canada have power companies, let alone tolerate a monopoly?


Because we looked at early-aughts California and said "oh hey, that looks neat." Hasn't worked out terribly well, this privatized-monopoly thing.
 
2012-05-15 01:19:10 AM
Remember when the Canadians were told that deregulation would reduce their utility bills?

Hey, Canadians, how did that work out?
 
2012-05-15 01:19:59 AM

Country Member: Oldiron_79: If only there was a device for getting rid of aristocrats....

Yep, say what you may about Les Frogs.

But when it comes right down to it they at least at one point in history knew how to deal with these kinds of crooks.

[www.mojoimage.com image 475x346]

A short ride in a hay-cart to the local public square where they were introduced to the not so sweet kiss of Madame la Guillotine.


I wish I could give you more than one 'smart' vote.
 
2012-05-15 01:20:43 AM

super_grass: But... but they're socialists. How can Canada have power companies, let alone tolerate a monopoly?


Awwww poor baby. Did reality collide wifh your wittle Fwox news bwain?
 
2012-05-15 01:22:39 AM

Tellingthem: By looking at the Menu it doesn't seem to be that lavish. But I have never been to Halifax so this may be the "fancy" restaurant in town...


Philistine. Obviously, you have never experienced the cuizine delight of two Big Macs washed down with a bottle of Ripple. And you call yourself a snob.
 
2012-05-15 01:26:10 AM

The Southern Dandy: FDR was right when he said electricity should belong to the people.


We have that, and yet JEA does the exact same damned thing, because they're the only game in town, and they know they can get away with it. The assholes will do other fun things, like suddenly ignore your 20+ year perfect payment history and turn off your electricity one day, demanding a $800 deposit before they'll turn it back on again, because something flagged in your credit report... in the middle of July, without warning.
BEcause they can, and they know you have no recourse.
 
2012-05-15 01:26:41 AM
I've dropped hundreds of dollars in Salty's... on the Columbian.

/first and last time I ever paid for 'valet' service
//not related
///whatever
 
2012-05-15 01:30:21 AM

montex: super_grass: But... but they're socialists. How can Canada have power companies, let alone tolerate a monopoly?

Awwww poor baby. Did reality collide wifh your wittle Fwox news bwain?


It's a tad obvious, but they make a point. If people would stop using 'the rest of the world' to bash the US's policies, you wouldn't see these arguments.

/there is no perfect country/system/ideology
//stop saying, if we'd do it like teh so-and-sos
 
2012-05-15 01:39:52 AM
Oh there were so many provinces the headline could have worked for.

/Doesn't mind BC Hydro
//$25 a month for power is pretty good.
 
2012-05-15 01:42:16 AM
TFA: "Nova Scotia's Energy Minister Charlie Parker isn't impressed."

Aww, why didn't they hire him to perform at the party? Could've had a swingin' time.
 
2012-05-15 01:48:32 AM

Ima4nic8or: I am done trying to conserve anything.


+1
The only real way to move to the next energy consumption level is to finally deplete this one. Children only consider the prospect of cleaning their own rooms when there is too much rubbish to navigate. And our countries are led by naive children. I am helping to burn through our hydrocarbon reserve so that we will finally be forced to clean up our room.
 
2012-05-15 01:48:54 AM
As always, you can only really f#4$ people to the fullest when you can manage a private/government partnership. Cable companies, cell phone companies, utility companies, Bank of America (and similar), the American prison industry.

You just can't get away with nearly as much rape with purely private or purely government as you can get when they can both cornwhole you while putting the blame on the other side wink wink.
 
2012-05-15 01:53:52 AM

Trolljegeren: Remember when the Canadians were told that deregulation would reduce their utility bills?

Hey, Canadians, how did that work out?


s3.socialvixen.com

Know how I know you're a retard?

Because NS power is not in any way deregulated. That rate increase, and guaranteed rate of return, were given to the company by it's regulators.

thechronicleherald.ca

That's a pic of their VP for regulatory affairs. Notice that the slide he's walking in front of is about them ASKING for a rate increase from their regulators.

No serious person, on either side of the ideological aisle, advocates deregulation of natural monopolies. By definition, a monopoly is not a working market.

In fact, if you read a bit, you'll find that it is their relationship to government that is driving up their prices. They need more money to.... WAIT FOR IT.... Go Green. The Go Green bit is appeasement for politicians and other forms of retard.
 
2012-05-15 01:55:00 AM

oldtaku: As always, you can only really f#4$ people to the fullest when you can manage a private/government partnership. Cable companies, cell phone companies, utility companies, Bank of America (and similar), the American prison industry.

You just can't get away with nearly as much rape with purely private or purely government as you can get when they can both cornwhole you while putting the blame on the other side wink wink.



Exactly. Welcome to the Tea Party.
 
2012-05-15 01:55:10 AM

Inchoate: TFA: "Nova Scotia's Energy Minister Charlie Parker isn't impressed."

Aww, why didn't they hire him to perform at the party? Could've had a swingin' time.


The had the Mellowtones.
 
2012-05-15 02:00:08 AM

change1211: Oh there were so many provinces the headline could have worked for.

/Doesn't mind BC Hydro
//$25 a month for power is pretty good.


Pretty good? I pay around $55/month for power in a 360 sq ft apartment in Edmonton. Before I clicked the link I totally expected it to be about Epcor.
 
2012-05-15 02:05:06 AM
"its"

/typo
 
2012-05-15 02:08:53 AM
"The company would not reveal the price tag for the event, but said it was paid for by Emera shareholders and not Nova Scotia Power customers."

Money is fungible. This quote proves the executive is either lying or doesn't understand that money is fugible. If he is lying, well, he's a jackass and the rate hikes should not be approved. If he doesn't understand that money is fungible, those stock holders are really in trouble, monopoly or not.
 
2012-05-15 02:11:27 AM

Trolljegeren: Remember when the Canadians were told that deregulation would reduce their utility bills?

Hey, Canadians, how did that work out?


I'm sure it worked as well as it did right here in the USA when we deregulated airline tickets, cable companies and cell phone carriers.
 
2012-05-15 02:14:09 AM

apoptotic: change1211: Oh there were so many provinces the headline could have worked for.

/Doesn't mind BC Hydro
//$25 a month for power is pretty good.

Pretty good? I pay around $55/month for power in a 360 sq ft apartment in Edmonton. Before I clicked the link I totally expected it to be about Epcor.


$55 is about what I pay for two months for a one bedroom apartment here in BC. So yeah, BC Hydro could be worse.
 
2012-05-15 02:15:51 AM
I forget where in Canada this one happened but it was a hydro system and they asked people to reduce usage. Well once the people reduced the usage they hiked up he rates.

But it's a renewable resource - so what was the justification? People were using less power so revenue was reduced.
 
2012-05-15 02:19:59 AM

Gyrfalcon: Trolljegeren: Remember when the Canadians were told that deregulation would reduce their utility bills?

Hey, Canadians, how did that work out?

I'm sure it worked as well as it did right here in the USA when we deregulated airline tickets, cable companies and cell phone carriers.



Actually, those deregulations worked wonderfully well, except for cable which is often a natural monopoly.

I'm old enough to remember when airline ticket prices were regulated. Now, after 30 years of inflation, tickets are still cheaper than they were when Government was "helping" consumers.

And back when you had regulated monopoly phone companies; you sure as Hell didn't see outsiders, like Apple, producing phones. The phone break up has been clumsy, and land lines are natural monopolies, but you'd have to be a total dumbass to imagine that you had a better system back when it was AT&T with the government in their pocket. Prices are much, much lower too, now that they have to compete.

Deregulate everything you possibly can. Regulate what you must.
 
2012-05-15 02:24:56 AM
As I'm a hostage of Northeast Useless, I find any discussion of utility pricing a non-starter in my pity generation system. The only people that pay higher rates than ours are the fine folks living in the great state of Hawaii. Strangely enough there's a good reason for their rate prices and, well, thinking about it, there's a reason mine are high as well - greed.

Off grid? Really making sense lately - can't be any worse and likely, far better.
 
2012-05-15 02:29:07 AM
Since when was a party for 28 a 'lavish' party?

/probably no hookers or blow
//probably
 
2012-05-15 02:31:08 AM

thespindrifter: The Southern Dandy: FDR was right when he said electricity should belong to the people.

We have that, and yet JEA does the exact same damned thing, because they're the only game in town, and they know they can get away with it. The assholes will do other fun things, like suddenly ignore your 20+ year perfect payment history and turn off your electricity one day, demanding a $800 deposit before they'll turn it back on again, because something flagged in your credit report... in the middle of July, without warning.
BEcause they can, and they know you have no recourse.


cdn.trendhunterstatic.com

I feel you. Entergy of Louisiana likes to shut people down early on Friday morning when their bill is due by 5:00pm that afternoon. Then they like to fart and fark around sending someone out to switch it back on until sometime Monday. They just love to do it around major holidays and in the dead of winter or the hottest part of summer, too. Yeah yeah, I know, pay bills early and promptly like a responsible adult and it's (usually) not a problem, except when they screw up in the office and their billing flunkies send you someone else's bill, which they don't care much about correcting, either, since they've already got your money to get the juice back on anyway. They're still obnoxious dickbacks for doing it.

/on REA now
/fark you and everyone who looks like you, Entergy
 
2012-05-15 03:09:57 AM

Little.Alex: Trolljegeren: Remember when the Canadians were told that deregulation would reduce their utility bills?

Hey, Canadians, how did that work out?

[s3.socialvixen.com image 460x276]

Know how I know you're a retard?

Because NS power is not in any way deregulated. That rate increase, and guaranteed rate of return, were given to the company by it's regulators.


In 2004 NB Power was reorganized into 4 companies (NB Power Distribution and Customer Service, NB Power Generation, NB Power Nuclear, and NB Power Transmission) under a holding company (NB Power Holding Corporation) - part of . . . . . wait for it . . . . . . deregulation. Now the NB Power Distribution and Customer service is a regulated monopoly, but the other parts do not appear to be subject to the same level of regulation (presumably, part of the whole deregulation thing).
 
2012-05-15 03:18:35 AM

Arkanaut: Clearly they should have invited their customers to the party.


Damn skippy. With a guest list such as this;

featured Cape Breton comedian Maynard Morrison, the Halifax Titanic Orchestra, and the Mellotones, a popular band in Halifax.

how could they go wrong?
 
2012-05-15 03:33:38 AM

Trolljegeren: Little.Alex: Trolljegeren: Remember when the Canadians were told that deregulation would reduce their utility bills?

Hey, Canadians, how did that work out?

[s3.socialvixen.com image 460x276]

Know how I know you're a retard?

Because NS power is not in any way deregulated. That rate increase, and guaranteed rate of return, were given to the company by it's regulators.


In 2004 NB Power was reorganized into 4 companies (NB Power Distribution and Customer Service, NB Power Generation, NB Power Nuclear, and NB Power Transmission) under a holding company (NB Power Holding Corporation) - part of . . . . . wait for it . . . . . . deregulation. Now the NB Power Distribution and Customer service is a regulated monopoly, but the other parts do not appear to be subject to the same level of regulation (presumably, part of the whole deregulation thing).



No. "appear" turns out to be a false assumption.

They are still regulated as hell, like everything else in NS apparently:
Link

including rates and capital expenditures:
Link

And here's some politicians discussing the application for a rate increase and the subsequent hearing:
Link

Do private, unregulated companies need hearings with politicians to set their prices? Here's a quote, with helpful boldfacing:

"The provincial Progressive Conservatives say they plan to intervene at a public hearing into Nova Scotia Power's request for a six per cent power rate increase over two years.

The provincial regulator has filed for a three per cent rate increase for 2013 and 2014."
 
2012-05-15 03:57:52 AM

Albino Squid: super_grass: But... but they're socialists. How can Canada have power companies, let alone tolerate a monopoly?

Because we looked at early-aughts California and said "oh hey, that looks neat." Hasn't worked out terribly well, this privatized-monopoly thing.


Well...yeah because you people who do/allow these things are morons. You HAVE to socialize natural monopolies, or at least make them some type of non-for-profit entity, that is required to invest any "profit" into system building (aka all rural water systems in the US).

/I will never get how you can privatize power "no no that 69Kv we pumped into the system is ours"
 
2012-05-15 04:25:23 AM
Little.Alex/And back when you had regulated monopoly phone companies; you sure as Hell didn't see outsiders, like Apple, producing phones. The phone break up has been clumsy, and land lines are natural monopolies, but you'd have to be a total dumbass to imagine that you had a better system back when it was AT&T with the government in their pocket. Prices are much, much lower too, now that they have to compete.

I remember back when AT&T had the phone monopoly. If you were in a small town you were at the mercy of the local idiots who ran that office. They kept bankers hours--only open monday to friday from 9am to 5pm--if your phone went out on Friday evening you had to wait until Monday to talk to someone. Then they scheduled you in--the rumor was that if you gave them twenty bucks cash they would move you to the top of the list. And they only sold three kinds of phones in town, a black one, a white one and an orange one--if you wanted something different you had to drive to a city to get it.

Those were absolutely wonderful times. So wonderful that I remember that when they deregulated I was at the local Dairy Queen and the head of the local AT&T office drove up--someone went right up to her and cussed her out, saying "Fark you, you b*tch, I don't have to put up with your crap no more"
 
2012-05-15 04:44:28 AM

Fecal Conservative: Life imitates art?

[i46.tinypic.com image 146x203][i46.tinypic.com image 259x194]



www.web62.com
www.stayfe.com
media.comicvine.com
 
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