-By Warner Todd Huston
Since the several disastrous accidents that claimed the lives of too many Californians, Pacific Gas & Electric has been fighting criticism over its dismal safety record. In response, the energy provider cried poor and said it needed billions for upgrades and repairs and wanted ratepayers to pay even more for its services. But a new report says that PG&E collected millions from ratepayers for repairs and improvements that it never actually made.
Early last year PG&E got a large rate increase, but by August the energy provider was at it again asking for an additional $2.2 billion for upgrades, repairs, and improving its explosion-prone delivery system, a cost to be born on the backs of the ratepayers.
This January, though, the California Public Utility Commission (CPUC) reported that PG&E has already collected half a billion dollars that was supposed to go to these repairs and upgrades yet the repairs were never made.
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PG&E Wants Higher Rates Even While Collecting Millions for Improvements Never Made?”
Once again an Obama regulatory agency tries to give itself wild new powers, powers that would crush American energy and natural resource development, powers meant to quash the business sector.
We have come to learn something about our president. He really loves green. But what we can’t quite decipher is if that green is green jobs and energies or just the good old fashioned green of tax money. Whatever the case, it sure is true that the green of U.S. tax dollars is far more prevalent with “O” than those mythical green jobs he’s trying to fund with it and this mess with failed green company Solyndra is revealing quite a lot.
Every time we turn around these days President Obama is touting the idea that the “future” of America lies in green energy and one of those greenie ideas is an Obama favorite: electric cars. Not to let him down, Government Motors has obliged by pushing the Chevy Volt as the car of the future. But thus far the future looks a lot like GM’s present; a whole lot of failure leaving a whole lot of questions.
Half of America’s energy comes from coal-fired power plants but Obama’s new EPA rules would about destroy the coal industry driving our energy costs through the roof. That’s not all they would do, either.