Friday, August 24, 2012

Public Utilities or Profit Utilities

  Public Utilities are established by a Municipality for the betterment and welfare of its people to promote prosperity, progress, and quality of life.
  Delmarva Power wants to charge customers in Delaware $39 million to install smart meters in an effort to layoff a large chunk of their labor force. $25.8 million of that, is what they call Depreciation of the old meters. Does that mean the actual cost of the meters is $13.2 million?

  Combine that with the job cuts, and that is an outrageous burden on its customers and a hefty profit for its CEO. Privatization of Public Utilities was suppose to reduce cost through competition, but cost keep going up. And even tho they are Privatized, they still have to answer to the public.
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