Tuesday, October 7, 2008

Maddening Story of the Day

This piece comes from the Associated Press, and can be found here. Here are excerpts...the ones that irritate me...

EATON RAPIDS, Mich. (AP) — Gov. Jennifer Granholm on Monday signed into law a package that will require more electricity to come from renewable sources, raise residential rates, restrict competition among power companies and encourage energy efficiency.

Granholm held two energy bill-signing ceremonies, one in Detroit and one in Eaton Rapids southwest of Lansing. She said the new measures will create new renewable energy jobs.

She had two ceremonies to celebrate the raising of my electric rates?!?

Residential energy rates are expected to rise now that the measures are law. The state's largest utility, DTE Energy, estimated a typical resident could pay an extra $12 to $15 a month for electricity within five years. Consumers Energy, the second-biggest utility, estimated an average residents may pay $6 to $7.50 more.

And, no, the fact that Consumers serves the Kalamazoo area does not give me any comfort.

1 comment:

Anonymous said...

Ouch!! We sure do like having electric company competition here in Texas. Makes the rates a little lower. Which is really little comfort with how high our bills have been lately especially in the summer!!