Thursday, February 12, 2009

Day 16 - Dateline: Fantasy Island (Part II)

Wednesday, February 12

Well, the Senate passed the bill written by 70-some Georgia Power lobbyists to allow the electric company to bill customers, in advance, for the costs of building new nuclear power plants. (That’s not a typo, 70 lobbyists.) The monthly additional consumer charges will help pay for plants that have not yet even been approved for construction.

Usually the Public Service Commission oversees the rate increase process, but the legislature usurps power here as a favor to their corporate benefactors. Why a bill to step in now? The PSC’s own staff researchers recommended against approval of the Georgia Power scheme. Inquiring minds want to know why the PSC has rolled over and allowed the regulatory power to be taken away. Could it be that they would have likewise knuckeled under to their corporate friends and voted for approval against staff recommendation and they don’t want to be blamed? Shame.

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