Sunday, January 9, 2011

Oncor's asking to raise our rates. Again. Like about a year ago.By about $5 bucks a month. Just a few cups of coffee is all. (Richardson, Texas, blog)

We used less electricity they say (edit: another source says Texas, at least as a whole, used over 3% more electricity and more of it came from coal than natural gas last year). Anyway, with Oncor, supposedly we now have to help them out by paying higher rates as reward. They gave out much bonus and ran debt 60%, (so said) equity 40%. Their bonuses are important. They want to increase their (nearly guaranteed) profit rate over prior years. A level of profit, especially in a down economy, most would absolutely love to have. Thanks for partnering with us. Oncor.