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Power Play

Strategy is to drive up electricity costs

September 20, 2013

President Barack Obama and his minions clearly are hoping the public misses the point about the war on coal and affordable energy....

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(70)

AaronS

Sep-24-13 6:53 PM

Yes denver, I googled that comment. I read the press release that was generated. The PSC did not authorize a rate increase in 2012. I found that information Saturday night and when I researched further,it led me to information about AEP issuing bonds to cover exorbitant rate increases in 2008/09 to be repaid through the ENEC program.

Sound familiar?

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denver

Sep-24-13 1:40 PM

Now did you have any problem finding this? Google: W.Va. PSC holds the line on AEP fuel cost rates

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denver

Sep-24-13 1:31 PM

Wrong answer little buddy! Try again!

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AaronS

Sep-24-13 7:38 AM

The only thing that disturbs me Denver is your lack of intelligence. Were you smart enough, you could have found the same information regarding the sale of bonds and the ENEC that had no problem locating but sadly...

I did look at your information. Sorry good man but a blog of someone who claims Barrack Obama isn't liberal enough and champions Socialism in America isn't a credible source.

As our resident dunce would say, try again.

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denver

Sep-24-13 5:46 AM

Your good at making up stuff, ain't you there little buddy. Your bothered about something that not even true!

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AaronS

Sep-23-13 8:11 PM

Ive googled all i need to. i undrstand what happened. You on the other hand my friend, if ignorance is bliss, well then kind sir, you're walking on sunshine!!!!!

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denver

Sep-23-13 7:56 PM

Google: Obama's 'War on Coal' Isn't Real–But It's Really in the Newspaper

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denver

Sep-23-13 7:32 PM

That's another lie! Google: W.Va. PSC holds the line on AEP fuel cost rates

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AaronS

Sep-23-13 9:39 AM

During my research Random, what I found bothered me more than whether the PSC mandated a 3/10ths of 1% rate decrease.

I was not aware that the State of WV had authorized AEP to sell bonds to cover the cost of fuel to be paid back at a later date in essence giving them the 50% rate increase they discussed with the PSC.

To cover these bonds, AEP set up payments through a program called the Expanded Net Energy Cost program, which has been added to current “rates” for the last 4 years. The rate reduction denver seems bent on claiming was nothing more than an adjustment to what is essentially a finance charge for AEP.

I could try explaining that to him but all he would be focused on is that the electric bill went down by 3/10th’s of 1% during the Obama Presidency so there is no war on coal, government is good and Santa Clause is real. It’s scary how easily manipulated some people are.

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RANDOM21

Sep-22-13 10:26 PM

Dark Light, sounds like a good idea. If nine of the last ten rate changes were increases and the last one was a decrease, Denver can only see the one not the many. It's like the price of gasoline is coming down, Oh goody. Forget the fact it has been over $3 per gallon for over 1000 days. He can't see the forest for the trees.

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AaronS

Sep-22-13 6:54 PM

I answered your question DA. I could try and explain to you what happened with the PSC last year but I honestly don't think I can dumb it down enough for you to understand.

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denver

Sep-22-13 5:46 PM

Yes or No. Put up or shut up!!

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AaronS

Sep-22-13 1:58 PM

Seriously?

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denver

Sep-22-13 11:31 AM

I owe property in both Jackson and Roane counties. Now you Put up or shut up. Yes or no

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AaronS

Sep-22-13 11:25 AM

I like that idea tin. If only there were a way.

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AaronS

Sep-22-13 11:24 AM

No. Marshall or Ohio County. Put up or shut up.

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neocurmudgeon74

Sep-22-13 11:20 AM

Can't endorse Tinfoilhat's proposal, but it does remind me of something I heard in the 1970's. The commanding officer of a Naval base, noting a lot of civilian resentment against the base, ordered that one payday all pay be issued in $2 bills. The city was saturated w/ $2 bills for weeks, so no one could doubt the base's contribution to the local economy.

But it's not quite the same thing unless the power companies can figure out a way to turn out black electricity for a week.

& if this is drivel, it at least lightens up the drivel.

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denver

Sep-22-13 7:19 AM

Did the AEP electricity rates go down, or not? Thats a yes or a no!

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AaronS

Sep-22-13 12:28 AM

I've done a little research denver and what the PSC was reporting as a rate decrease was actually an adjustment to the Expanded Net Energy Cost which was designed as a means of reimbursing energy producers for past and ongoing costs of fuel and purchased power.

The ENEC was to cover the cost of coal purchased during 2008 and 2009 when coal prices escalated. The WV legislature allowed AEP to issue bonds to cover previously unrecoverable fuel cost from previous years. Without the bonds issued under ENEC, WV customers would have faced rate increases of nearly 30% in 2011 alone. This after facing increases of nearly 50% in the previous 4 years.

What I did find out through all of this is that because of coal, WV customers have some of the lowest energy cost in the nation, averaging $.097 per kilowatt hour as compared to $.114 nationally. And you want to do away with coal why?

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AaronS

Sep-21-13 11:05 PM

Are you going on record and saying that natural gas can replace 40% of our energy suttle? Will you also go on record and state that once the war on coal eliminates coal, you will not turn your liberal nonsense on natural gas and fracking?

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Suttle

Sep-21-13 10:24 PM

The war for clean coal is over. Coal is not clean. Other energy sources are cleaner and cheaper. President Obama and his minions have not put the end to clean coal...but the new and plentiful finds of cheap natural gas has...

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AaronS

Sep-21-13 8:34 PM

Monroe or Ohio County Denver.

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denver

Sep-21-13 6:43 PM

And you still haven't told us what West Virginia customers soon will see lower bills, mean!

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denver

Sep-21-13 6:37 PM

Now who lack the intelligence to read and comprehend??

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AaronS

Sep-21-13 6:28 PM

About the only thing left in this conversation denver is whether you live in Marshall or Ohio County.

Which is it?

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