Utilities actually aren't that 'greedy'

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I read with great interest the recent letter from Mark Gelbart regarding the "greedy" energy companies ("Greedy energy industry hasn't changed," May 30). I think that he has missed a couple of critical points.

The utility companies have to go begging to government regulators for rate increases. This involves opening their books and operations to government bureaucrats who do not have a clue about how the utility industry works.

Mr. Gelbart appears to have a problem with capitalism in that the companies are "greedy." It also sounds as though he will be installing his own power system.

Whether it is solar, wind, hydro or burning his own methane, most utility companies are forced to buy, from the consumer, the extra power they may generate at the rate they charge the customer for the power.

When utilities produce or purchase power, it is to provide the cheapest power they can. Why? Few people are aware that they can purchase power from any other provider of the power, not just the local utility. That's called "competition."

When I went to school and took Economics 101, profits were put back into the company, in the form of research and development of new products, among other things.

So is Mr. Gelbart going to manufacture his own solar panels, not state-of-the-art ones from a "greedy" corporation? I would hope that he would hire a "greedy" contractor to install his panels. I hope he has an engineering study done by a "greedy" corporation, to design the system properly.

Mr. Gelbart should lighten up. Corporations are not all greedy, and if he doesn't like them, he should buy someplace else. I would suggest buying two sticks to rub together to make a fire for his energy needs.

Remember, the government does not manufacture one product, except money that is fast becoming worth less and less.

Capitalism is not the best system, but it far better than anything else that has been tried.

Mike Booth

Augusta

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Tigger_The_Tiger
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Tigger_The_Tiger 06/09/10 - 05:28 am
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I wonder why people who

I wonder why people who provide useful services are called greedy, but Hollywood actors and Pro sportsmen are admired by the left?

corgimom
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corgimom 06/09/10 - 06:10 am
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Hey, for people that think

Hey, for people that think utility companies are greedy- feel free to sit in the dark. And sweat in the summer, and freeze in the winter.

gaspringwater
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gaspringwater 06/09/10 - 10:02 am
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Mr. Booth your subject is

Mr. Booth your subject is utility monopolies and you wonder off into capitalism. A utility monopoly is hardly a shining example of capitalism. They should always be scrutinized and criticized. They enjoy freedom from competition and they're guaranteed to recover all their cost and make a profit on top of it. They can't lose! No matter how dumb they do. They're no incentive to be cost effective nor efficient. Utility monopolies are the closest thing we know to legalized robbery.

Natural gas has been deregulated and customers can choose a supplier. The electric companies need to be deregulation too. Let customers choose their provider.

Seems I've read our electric company has a plant that's the worse polluter in the whole nation. Who would want to buy electricity from that plant if they had a choice.

garner49
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garner49 06/09/10 - 11:41 am
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Good point

Good point Tigger.

gapsringwater - wow,deregulation was the worst thing that happened to natural gas. We went from a controlled public service to many private providers that were supposed to create competition and reduce cost - it didn't. Look at your bill, "pass-through-service" charge, "customer-service" charge, "billing" charge; all that we didn't have before with just one carrier. It would be the same if electric was deregged, so please NO.

Utility "monopolies" as you name them, must request and prove a reason for a rate increase; and it isn't always granted or it is reduced.

All that stuff coming out of Vogtle is steam, by the way.

So, you could figure out a way to create your own power and gas...

gaspringwater
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gaspringwater 06/09/10 - 12:35 pm
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garner49 - Deregulation and

garner49 - Deregulation and free market go hand in hand. A monopoly and the salary sucks at the PSC are poor guardians of the public's welfare. I think utilities and even Microsoft should have competition.

Are you sure that's just steam coming out of Vogtle's cooling towers. Not contaminated and carrying something to the four winds? Do you feel comfortable they'd tell you if it was? But maybe I'm just trapped in Murphy's Law - If it can go wrong; it will go wrong; and they'll lie to you about it!

Tigger_The_Tiger
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Tigger_The_Tiger 06/09/10 - 07:44 pm
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GAS, are you aware that the

GAS, are you aware that the cooling towers that you see at Vogtle are located nowhere near the reactors, and that they are used to dissipate the heat from the turbine generators. They never come in contact with the reactor coolant.

Tigger_The_Tiger
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Tigger_The_Tiger 06/09/10 - 07:45 pm
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And if there was a problem at

And if there was a problem at Vogtle...I would know.....We monitor the air and water independently from them.

Big Boss
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Big Boss 06/09/10 - 10:41 pm
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I totally believe in a

I totally believe in a individual's or company's right to save money, that's why I steal electricity and water from my neighbors.

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