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Explain to me how the cost to produce electricity when up as high as it did? The utilities played the old supply/demand excuse to raise rates.
- The consumer has some responsibility in they signed up for the "wholesale" plan
- Utilities should be paid a reasonable amount. I am not saying the consumer gets a free ride.
You're correct. If my memory serves me correctly, didn't some of the Enron pricks end up punished for their dirty deeds?This is exactly what happened in California during the Bush years. Except the power companies (namely Enron), with assistance from political leaders and Wall Street insiders, purposefully created an energy crisis, lied to shut power grids down, raised prices, and then artificially hiked stocks as the western United States was bilked of more than $1 billion. People involved agreed to shut down energy services to California for several hours during peak energy demand for "maintenance." Because of the money they made, they eventually presented rolling blackouts. In the meantime, the politicians in California passed deregulation. Before its passage, between June and December 2000, there was 1 blackout. After its passage in, California suffered 38 blackouts before federal regulators intervened in June 2001.
There needs to be a Congressional hearing scheduled for ERCOT and PUC of Texas asap. The guilty need to do their perp walk as well.The issue in Texas is also manmade, but it appears more about stupid ideology than some malicious scheme to swindle and screw over Americans. Today, the players on high appear to just be taking advantage of it. And after it is over, they will go on to present power grids that are maintained on the cheap, not prepared for disasters, and eagerly awaiting the next episode in which they will swindle again. In the meantime, Texans will continue to allow it.
You're correct. If my memory serves me correctly, didn't some of the Enron pricks end up punished for their dirty deeds?
There needs to be a Congressional hearing scheduled for ERCOT and PUC of Texas asap. The guilty need to do their perp walk as well.
Some were scapegoated and most were slapped on the wrist. The majority were rewarded. Wendy Gramm, the "high priestess of deregulation" since Reagan, walked free.
I caught Rep McCaul's face time with Danna Bash this morning and the man spoke from his heart and soul about the situation in Texas. He thanked Biden for basically stepping up and also recognized how climate change is directing affecting Texas. Also, he reported that part of Biden's emergency relief for Texas will help to pay people's outrageous electric bill.
Texas GOP congressman: Federal disaster aid will help homeowners with high utility bills (msn.com)
View attachment 67319270
Speaking on CNN's "State of the Union," Rep. Michael McCaul (R-Texas) thanked President Biden for approving an emergency disaster declaration for the state, and pointed to that declaration when asked by host Dana Bash about reports of Texans facing massive utility bills following days of blackouts and water outages across Texas.
The Republican also agreed with Bash that the storm was an eye-opening example as to how man-made climate change could seriously affect Texas, adding that he has called for a "Manhattan-style project" focusing on technology addressing climate change.
Many of the blackouts in Enron were not based on "disaster"...they were active manipulation - taking millions of customers offline for alleged "maintenance" causing many blackouts...just to boost the prices, I was lucky to be in one of the few areas that negotiated rates ahead of time. So we did not see skyrocketing rates like most others, The only thing I had to worry about was a family member having her oxygen shut off and rushing home to switch her to tanks. I mean....low level stuff. Amoral assbags.You're correct. If my memory serves me correctly, didn't some of the Enron pricks end up punished for their dirty deeds?
There needs to be a Congressional hearing scheduled for ERCOT and PUC of Texas asap. The guilty need to do their perp walk as well.
Some had built up pensions....losing everything.I remember reading that as the walls were falling in, the top brass was unloading their stock (ENRON,) while forbidding the rank and file employees from doing the same.
I remember reading that as the walls were falling in, the top brass was unloading their stock (ENRON,) while forbidding the rank and file employees from doing the same.
MooCow Mitch does suffer from selective amnesia when it comes to bailouts.Should we expect to soon hear Moscow Mitch decrying a "red state bailout" and insisting we not use federal funds to paper over Texas's irresponsibility?
MooCow Mitch does suffer from selective amnesia when it comes to bailouts.
McConnell sings bluegrass bailout blues | Newsday
Late last week, Rep. Thomas Suozzi tweeted, “@senatemajldr to NY & States: Drop Dead. Since ’15, NY taxpayers have given the fed gov $116B more than we’ve rec’d back, while Ky has RECEIVED $148B more in fed spending then they gave. NY subsidizes KY! @NYDailyNews@NYGov.”
Kentucky is second only to Virginia in reaping more from the federal government in spending than it pays in, however, Virginia only comes out on top because of the massive defense spending in that state. So Kentucky is No. 1 in pork.
Kentucky, with a state budget of just $30 billion annually, gets almost $40 billion more from the federal government than it pays in each year. Or, to put it another way, U.S. taxpayers give about $9,145 a year to each Kentuckian, according to 2017 figures. It has one of the highest food stamp recipient percentages in the nation, with 14.1% of households getting the benefit, and one of the lowest median household incomes, at $48,375 a year.
These are the same recipient who are always railing against a social system, with their "twisted and perverted usage of the word socialism". They can't think deep enough to realism, that America was a social system, even before it became to Declare its Independence, because it socialized the funding of Europeans, French, Spaniard's and any others who came here and staked claims.
The words "We The People" indicate and denote that America Democracy is a Social System, that has a Monetary policy that is based in Capitalism as a means to create currency to facilitate the medium of exchange. The Establishment of Congress by the Mandate of The Articles of The Constitution, has dictated the duty to congress to use "social collected taxes" to create social services programs for people, nation, business and industry, that means, it does so by establishing policy and crafting Regulatory Governance. American Democracy is The Greatest Social System on Planet Earth.
The only people who push the negative interpretation of America's social system are "Racist Bigots", who want to limit and deny who can benefit from the social systems the Governments Congress Creates and Establish in accordance with the values and principles of The Preamble.
That's the expanse and depth of the ignorance that "Racism" which has for centuries bastardized the principles and values of America's Democracy.
Racism must be eradicated, it must be made a severely punishable crime against the Democracy this nation is founded to support and promote. Racism is and should always be a Federal Crime, on part with Sedition, Subversion and Promotions of Insurrection of Divisiveness … It is a form of Treason against The principles and values of American Democracy. We are to be "One Nation, Undivided"!!!!
Many people in America, who call themselves Americans... have no idea of what American Democracy is.
they ("The Racist") abuse and desecrate it with their racist ignorance.
I caught Rep McCaul's face time with Danna Bash this morning and the man spoke from his heart and soul about the situation in Texas. He thanked Biden for basically stepping up and also recognized how climate change is directing affecting Texas. Also, he reported that part of Biden's emergency relief for Texas will help to pay people's outrageous electric bill.
Texas GOP congressman: Federal disaster aid will help homeowners with high utility bills (msn.com)
View attachment 67319270
Speaking on CNN's "State of the Union," Rep. Michael McCaul (R-Texas) thanked President Biden for approving an emergency disaster declaration for the state, and pointed to that declaration when asked by host Dana Bash about reports of Texans facing massive utility bills following days of blackouts and water outages across Texas.
The Republican also agreed with Bash that the storm was an eye-opening example as to how man-made climate change could seriously affect Texas, adding that he has called for a "Manhattan-style project" focusing on technology addressing climate change.
The same ****s have no problem turning their back on New York and other "blue states".All true. However, in a time of emergency, we can't turn our backs on those in trouble.
After doing a search what I found says that NO money from FEMA can be used to pay any utility billsI caught Rep McCaul's face time with Danna Bash this morning and the man spoke from his heart and soul about the situation in Texas. He thanked Biden for basically stepping up and also recognized how climate change is directing affecting Texas. Also, he reported that part of Biden's emergency relief for Texas will help to pay people's outrageous electric bill.
Texas GOP congressman: Federal disaster aid will help homeowners with high utility bills (msn.com)
View attachment 67319270
Speaking on CNN's "State of the Union," Rep. Michael McCaul (R-Texas) thanked President Biden for approving an emergency disaster declaration for the state, and pointed to that declaration when asked by host Dana Bash about reports of Texans facing massive utility bills following days of blackouts and water outages across Texas.
The Republican also agreed with Bash that the storm was an eye-opening example as to how man-made climate change could seriously affect Texas, adding that he has called for a "Manhattan-style project" focusing on technology addressing climate change.
I figured those high e-bills were aimed at stealing that relief money. Unfortunately, I wasn't wrong.I caught Rep McCaul's face time with Danna Bash this morning and the man spoke from his heart and soul about the situation in Texas. He thanked Biden for basically stepping up and also recognized how climate change is directing affecting Texas. Also, he reported that part of Biden's emergency relief for Texas will help to pay people's outrageous electric bill.
Texas GOP congressman: Federal disaster aid will help homeowners with high utility bills (msn.com)
View attachment 67319270
Speaking on CNN's "State of the Union," Rep. Michael McCaul (R-Texas) thanked President Biden for approving an emergency disaster declaration for the state, and pointed to that declaration when asked by host Dana Bash about reports of Texans facing massive utility bills following days of blackouts and water outages across Texas.
The Republican also agreed with Bash that the storm was an eye-opening example as to how man-made climate change could seriously affect Texas, adding that he has called for a "Manhattan-style project" focusing on technology addressing climate change.
I'm in the camp that, lets say around half of those people in trouble, wouldn't turn their backs on folks in other states, but there are the rest who would. My position is lets not burned down the village to get even with the bad apples that exist there as well.The same ****s have no problem turning their back on New York and other "blue states".
If they were representing we the people it would be, sadly most politicians support the people with the money who support them. We are nothing but cannon fodder and cash cows to pay taxes for those who create situations like the one that just hit texas.Elected officials in Texas need to address the "wholesale" utility plans and how it can drastically affect the consumer. Disaster aid should not go to the utilities to pay for consumers bills. Some of the reported bills is highway robbery.
Helping States and the Nation harden its energy grid should be high on politicians list.
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