"I DON'T WANT TO KNOW THE REASON" fleetwood mac
This should be the theme song of Painesville?
Something more to think about.
Editorial: REALITY Current power rates will kill development
PADUCAH, KY- "Former Paducah Mayor Albert Jones says if he were still in office, he would encourage Paducah Power System to file bankruptcy posthaste." "You can fool around for months and months," he said "just file it."
Current Mayor Gayle Kaler, and her predecessor, Bill Paxton, said not so fast. Kaler says that although a PPS bankruptcy filing would not affect the city directly- PPS is an independent entity- she fears a filing would reflect poorly on Paducah and could hurt future economic development.
For his part Paxton thinks the new board chairman and interim general manager should be given time to seek out temporary rate relief while hoping that longer term things get better with PPS star-crossed investment in the Prairie State Energy Campus.
We come down in the middle of all that. We continue to encourage the PPS board to hire a restructuring advisory firm that would look at all options- everything from a combination of asset sales and refinancing to bankruptcy filing, and lay out the best options for the utility.
We don't think PPS should file bankruptcy before exploring other ways to reduce its crushing debt burden, which is a primary driver of its soaring power rates. But we don't think that waiting and hoping things get better is a solution either.
_PADUCAH SUN EDITORIAL
Economic development? How many KWh does Air-Foil purchase from Painesville Power in a year 1.2 million? Inexpensive utilities attract business are our utilities attracting anyone?
Big AMP-OHIO meeting this week I understand Tony Carson will be attending we can only hope he doesn't come back to town wearing a wooden barrel. If cities like Paducah bailout we will be in a hurt of trouble.
Gee, Painesville here I thought waiting and hoping was a solution?
posted by terminator1 @ 11:10 AM
4 Comments
4 Comments:
Here ya go TERM!
http://www.youtube.com/watch?v=ycbgHM1mI0k
I think he'll be lucky he has a barrel! More like a suit of fleece! As these communities tumble, the remaining communities must pay the bills........ Read the contract council.
I am trying to understand the AMP issue but I can’t. There is too much information to consider in the short amount of time usually available. Presentation of the information is too sporadic and very detailed, some of the information is clouded by opinion and some of the information presented may not be true at all. It’s not a simple issue. Andy Flock deserves a lot of credit for sticking with it but for one reason or another everything seems to have fallen on deaf ears for the last few years. Requiring a petition to cause movement on the part of Council is not a good sign. People vote for Council members to handle matters like this so they don’t have to. Council members are paid and have the administration at their service. I hope the City Manager comes back from the AMP meeting not wearing a barrel but with the information needed to move this issue forward in a direction beneficial to the community.
6:145 Your right it's not easy to understand. Electricity is a different language. I have tried in many past posts to make it simple and it's not something that can be made simple. I expect at the AMP-OHIO meeting AMP will come up with another half-baked idea to not make this look as serious as it is. i.e; levelization?
The problem is although Painesville has a healthy electric fund other participants don't. Cleveland, Paducah, Bowling Green. Painesville's electric will have to assume their failure.
Everybody seems either to not want to address the issue. or hope it somehow works itself out.
As long as natural gas stays cheap. Coal dirty or clean is dead.
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