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(Washington Post)   Virginia's Dominion Power had excess profits of $280 million during the last regulatory period, which it was required to return to customers in the form of rebates. But don't worry, state lawmakers re-wrote the law to let them keep it, instead   ( divider line
    More: Asinine, Dominion Resources, Dominion, Virginia, excess profits, lawmakers, orbital period, Newport News Shipbuilding, ratepayers  
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5906 clicks; posted to Main » on 28 Feb 2014 at 1:39 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2014-02-28 03:31:13 PM  
you think THIS is bad? the power and light company covering my house charges extra if you're not using enough power (such as trying to conserve energy, the way they taught us to in the '70s).

/Old. Sad. And poorer with each electric bill.
2014-02-28 03:41:30 PM  
2014-02-28 03:44:30 PM  
The Bunne Rabb greater motherf*cker theory of economics.  "If you give anybody anything of any value, they tend to keep it."  Governance?  Governance is a pack of rubber stamp artists and jackboots.  Fascism arrived wrapped in a flag and when we noticed it's ass was hanging out of it, they arrived in a Rolls Royce and pissed out the window on us.  All we vote for is who gets to bend us over corporate America's sink.
2014-02-28 03:51:30 PM  

tzzhc4: "The ratepayers are clearly going to be better off with this bill than without it," said Sen. Walter A. Stosch (R-Henrico), who introduced the legislation in the Senate.

Did anyone bother to ask him how? Cause I am not seeing how paying more is going to help the ratepayers. Now I can see it will help the ratepayee so maybe it was transcribed wrong.

Depends on how you want to take it in the ass. You WILL pay. Any financial burden which includes free money they aren't entitled to, will come out of your pocket. Better to just let them have it.

At least I think that's how the logic works.
2014-02-28 03:52:35 PM  

Gentoolive: You are free to not buy their power, and make your own.

That loop-hole will be closed soon.
2014-02-28 04:04:46 PM  
sansscience.files.wordpress.comView Full Size

    "So remember us at election time, VA."
2014-02-28 04:16:40 PM  
2014-02-28 04:21:04 PM  

MyRandomName: FirstNationalBastard: That's okay, it will trickle down on us... er... to us.

Virginia turned into a blue state. Dont think they are following Reaganomics.

Well, obviously Sen. Walter A. Stosch (R-Henrico), who introduced the legislation in the Senate, is.
2014-02-28 04:51:11 PM  

Carn: MyRandomName: FirstNationalBastard: That's okay, it will trickle down on us... er... to us.

Virginia turned into a blue state. Dont think they are following Reaganomics.

Uh, no.  We are purplish.  The state House is still red, senate is even.  Governor has gone back and forth.

The Senate is technically even (as it has been a lot in recent years), but the Lt. Gov. is a Democrat, and he breaks all ties, so at least until the next Senate race, it is blue.

Not sure how the exact breakdown of these votes are really, but if the governor passes it, it'll be hard to argue it as anything but bipartisan.

/There may be a bit more debate about whether it is good for their customers or not.
2014-02-28 05:14:52 PM  
I live in Iowa, and MidAmerican energy will send you a check for $100 if you buy energy efficient appliances. I always thought that it was just a cool thing they did to try and be environmentally responsible, but it turns out that they got caught doing something they weren't supposed to do, and this is part of their settlement.
2014-02-28 05:16:37 PM  
Hey VA, you voted for those guys to screw you!
FNG [TotalFark]
2014-02-28 07:25:17 PM  
I'm shocked.

/that's the joke
2014-02-28 07:35:15 PM  
Just out of curiosity, any DC area Dominion Power (assuming that's why the Wapost is covering) would prefer to switch to Pepco?  My understanding is that however bad Dominion is, they aren't as bad as Pepco.
2014-02-28 07:55:31 PM  
The power in the DC area goes out constantly. One thing that would help would be to put powerlines underground. I read that the money the power companies have paid out in dividends the past 20 years is almost exactly what it would have cost to put the powerlines underground over 20 years.

/Alot to  be said for publicly owned utilities.
//Don't know of any public to private takeovers where rates went down.
2014-02-28 09:06:12 PM  
The real question is how big a cut are the bastards who voted for this getting?
2014-02-28 11:55:17 PM  
Lemme guess: conservative Republicans?
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