🚀 go-pugleaf

BeeeDeee wrote:
> 
> "Anthony Matonak" <res04ijs@gte.net> wrote in message
> news:3AC16E6B.3DA05304@gte.net...
> > Of course DWP doesn't have to raise their rates because they are already
> > among the highest rates for electricity in California. That said, it is
> > nice they have opted out of the whole rolling blackouts insanity.
> <snip>
> 
> Let's set the record straight.  On my last LADWP bill the electric charge
> for two months service was $79.46 for 771 KWH.  That's $0.1031 per KWH
> delivered to my meter with no extra charges involved.
> 
> For my property served by SCE the advertised price on the bill befor
> yesterday was $0.075 per KWH but then charges are added for delivery,
> several different taxes, and don't forget the fourteen percent surcharge
> added to pay the bond floated by the State when they gave us the phony ten
> percent rate decrease.  All totaled my SCE bill worked out to $0.125 per
> KWH.  As of yesterday the price will be $0.155 per KWH from SCE.
> 
> Looks like SCE is now about 50% higher than LADWP.

Let's set another thing straight.  LADWP has been ripping off California
just as much as the other generators.

LADWP does not have excess generating capacity.  They were allowed, with
other municipal utilities, to opt out of "deregulation" (a misnomer) and
buy power on long term contracts.  Between those contract and their own
generating capacity gave them excess power.

The (ahem) "deregulation" wholesale system let the highest bidder set
the price paid to every provider at any given time on the daily market. 
So when those nasty out-of-state generators were charging $500 a
megawatt... so was LADWP.  LADWP is now running in the black after years
of red ink.

In January, I recall reading about an official with the government owned
hydro power producer in British Columbia bragging about how they had
made over a billion dollars selling power to California over the
previous six months.