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For all you people who want FPL to buy our Utility.
Lake Worth Utilities has been reliable and stable. Without the Utility, we wouldn't even be able to operate our City.
Perhaps the new visionary commission can figure that one all out as the past commission voted to lower rates and made a decision to ween itself off the dependence of Utility funds to operate services in lake Worth.
Is that the same commission that voted to increase water rates by 85% to pay for an unecessary r.o. plant and called the utility a "much need cash cow"? Doesn't sound like someone weening it self off the dependence of the utility funds to me.
ReplyDeleteBut that's just me.
You're just too easy.
AmI to assume that because an FPL transformer blows makes FPL less efficient of less effective. I guess when we don't know much about electrical systems and their opperations we will write statements offering ill formed opinions. Transfomers do have a life expentancy, and eventually they will fail. Just like it happened recently in College Park... So please do not judge LW Utilities nor FPL for the blowing up of a transformer... my thoughts.
ReplyDeleteThe former commission voted to up water rates by 5.25% for operational costs. These costs will be re-evaluated every year. That was Stanton's goal.
ReplyDeleteYeah, transformers blow. Also, our customers are not having to pay for a couple of new nuclear plants that is upping their bill tremendously. Sometimes people need to be happy with what they have and stop bitching and complaining about everything and anything imaginable.
Just fyi: After Vero Beach exited its contract with FMPA its rates fell by 30%.
ReplyDeleteLots to chew on here:
http://www.tcpalm.com/news/2011/sep/09/vero-beach-electric-rates-expected-to-rise-in/?partner=RSS
Does Vero Beach depend on their utility income to operate the city? Has the Vero Beach utily been called a cash cow by inept elected officials?
ReplyDeleteHas Vero Beach had a majority of their elected commissioners openly anti business and anti prosperity?
Is Vero Beach avoided at all costs by prospective businesses?
You're trying to compare 2 completely different entities.
You're right Steve there is a lot to chew on.
Vero beach is not similar to Lake Worth in any way. Perhaps they don't have run-away union pension costs. I don't know anything about their internal structure, do you? Name one commissioner who is anti-business. Oh that's right, you can't. That is just plain lying bull.
ReplyDeletePSC recommended $196 million in cost recovery and also recommends accepting Progress Energy’s request for $140 million towards a new nuclear power plant at its Crystal River facility.
ReplyDeleteThe mayors of Pinecrest and South Miami call the request "corporate welfare" and are leading an effort to repeal the legislation that gave the PSC the ability to raise fees for nuclear power without requiring them to build them.
The change will be reflected on customer bills beginning in January when FPL is expected to seek another rate increase of up to $1 billion a year.
Read more: http://www.miamiherald.com/2011/10/24/2469622/regulators-agree-to-let-fpl-raise.html#ixzz1g3QRdBRY
Vero derives about $3 millon annually from its utility. Some studies show the city's property tax rate would have to almost double to make up for revenue lost if the utility were to be sold.
ReplyDeleteAnd again, its rates dropped 30% after they exited their FMPA contract, as we are doing.
We would be foolish not to study Vero's example.