C.U.B. Excerpt:The "economic development rate" otherwise know as the "privatize the profits and socialize the losses" free market rate. What a completely screwed up, backward and corrupted system we have called free market capitalism.
MADISON – The Citizens Utility Board is sorely disappointed by yesterday’s decision by the Public Service Commission, which will allow Wisconsin Power & Light to give discounts to industrial customers that will likely be subsidized by residential customers and others. Wisconsin Power and Light, a utility subsidiary of Alliant Energy, applied with the PSC on November 13, 2009 for permission to offer an “economic development rate” that would provide certain large industrial customers with a discount on electricity service.