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Friday, April 02, 2010

Energy Rate Shift Will Subsidize Industrial Users For Their Economic Development

C.U.B. Excerpt:
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.
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.

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