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Started By
Message
CLECO to raise rates starting in July
Posted on 6/27/24 at 8:29 am
Posted on 6/27/24 at 8:29 am
This seems extreme and the PSC needs to be called out. PSC seems more concerned for share holders are not looking out for Louisiana residents/ customers.
LINK
It isn't even a slow boil but a total FU to consumers. They forcing us to set our thermostats to 78 or pay huge bills.
The fees he speak of are for late fees and fees to help pay lower income residents bills. So, this will barely effect those folks who auto draft bill payments.
I take the Commissioner's dissent vote as a token safe vote to make the optics of a unanimous vote not look totally awful for the PSC.
LINK
quote:
The Louisiana Public Service Commission approved the rate increase on a 4-1 vote and will go into effect on July 1st.
It isn't even a slow boil but a total FU to consumers. They forcing us to set our thermostats to 78 or pay huge bills.
quote:
Cleco customers will see a rate increase go into effect next month of $5.35, which will jump to $13.13 in October.
quote:
Public Service Commissioner Davante Lewis, who voted against the rate increase, says Cleco has ulterior motives. For instance, he says, the company recently lost a contract selling power to another Louisiana power company, “and what Cleco has done now is shifted that lost revenue onto their commercial and residential ratepayers.”
Additionally, Lewis thinks the lower fees are long overdue, since he believes Cleco has some of the worst fees in the nation. He says the way Cleco is framing the price jump is misleading at best and predatory at worst.
The fees he speak of are for late fees and fees to help pay lower income residents bills. So, this will barely effect those folks who auto draft bill payments.
I take the Commissioner's dissent vote as a token safe vote to make the optics of a unanimous vote not look totally awful for the PSC.
This post was edited on 6/27/24 at 8:31 am
9
Posted on 6/27/24 at 8:31 am to Zephyrius
Posted on 6/27/24 at 8:33 am to Zephyrius
quote:
They forcing us to set our thermostats to 78 or pay huge bills.
Well they’re asking us to set our thermostats to 80 while they raise rates. Frick that
If I’m paying more, I’ll set it at whatever I want
Posted on 6/27/24 at 8:37 am to Zephyrius
You baws need to work hard and pay bills so others don’t have to.
Posted on 6/27/24 at 8:52 am to Zephyrius
quote:
This seems extreme and the PSC needs to be called out. PSC seems more concerned for share holders are not looking out for Louisiana residents/ customers.
The PSC doesn't look into any of this. And power companies are raising rates because shite overall cost more. You want to talk about 20% inflation in the grocery store, half year blanket material orders are averaging 30-40% increases. And have been since 2021. Not only that, everything taking 2 to 3 times as long to get, so utilities are forced to order longer term, ie, a year and a half in advance, where they used to be able to plan these 6 months at a time. That exasperates the already struggling material sector and lead times/cost continue to rise. Its a dangers loop cycle.
Posted on 6/27/24 at 8:57 am to Zephyrius
I’ll melt a little extra harder when i inexplicably lose electricity for 4 hours on a blue sky 67 degree October day. Cleco is the worst.
Posted on 6/27/24 at 8:58 am to S
Disappointed that a man of your means lacks whole-house generators for all of your properties...
Posted on 6/27/24 at 9:24 am to N2cars
CLECO was sold to British group and private equity- never a good thing.
Posted on 6/27/24 at 9:31 am to secfballfan
quote:
CLECO was sold to British group and private equity- never a good thing.
Correct. And Centerpoint Energy has announced recently they are selling to private equity.
Posted on 6/27/24 at 9:37 am to SaintEB
“exasperates”
It’s exacerbate.
It’s exacerbate.
Posted on 6/27/24 at 9:48 am to SaintEB
quote:
The PSC doesn't look into any of this. And power companies are raising rates because shite overall cost more. You want to talk about 20% inflation in the grocery store, half year blanket material orders are averaging 30-40% increases. And have been since 2021.
The commissioner in the OP quote mentions it as a likely reason Cleco wants such a high increase.
More than doubling the rate is not reasonable and the PSC has failed consumers.
Cleco already has added fees for Infrastructure & Incremental Costs and not to mention the Storm Restoration Cost Adjustment which was substantial after Ida.
This post was edited on 6/27/24 at 9:51 am
Posted on 6/27/24 at 9:52 am to secfballfan
Why is American infrastructure allowed to be owned by foreign money? This seems like a recipe for disaster.
Posted on 6/27/24 at 10:05 am to Zephyrius
FJB
Posted on 6/27/24 at 10:17 am to Zephyrius
I’m interested to know how much more of these extreme incremental increases in services (insurance, electricity, etc) that low income home owners or even renters can handle.
The bubble has to bust somewhere right?
The bubble has to bust somewhere right?
This post was edited on 6/27/24 at 10:19 am
Posted on 6/27/24 at 1:27 pm to Zephyrius
Incorrect, the company is owned by Soros Fund Management through a proxy called Macquarie Infrastructure.
Posted on 6/27/24 at 1:37 pm to Zephyrius
Yep. They put the screws to DEMCO about 2 years ago on the electricity DEMCO was buying from them. Our rates doubled because CLECO shifted their hurricane storm damage over to us. DEMCO found another electricity source and allowed the CLECO contract to expire this year.
This was all predictable 2 years ago when it went down.
PSC is a joke.
This was all predictable 2 years ago when it went down.
PSC is a joke.
Posted on 6/27/24 at 1:40 pm to S
quote:
I’ll melt a little extra harder when i inexplicably lose electricity for 4 hours on a blue sky 67 degree October day. Cleco is the worst
This! Lost power last week during one the hottest days of the week for 4 hours. Clear skies with a very slight breeze out of the North. Got home from work, turned the AC down to 72 from 74 to cool off a bit and then boom, the power was out. Stayed off from 5 to 9 PM.
Cleco started doing this shite last year during the summer once or twice a week. Always starting at 5 PM, EVERY TIME. That's not branches or something taking out infrastructure, that's a planned rolled blackout. It always took place on Friday and if it happened twice a week it would be on Tuesday for the first day. Every time, like clock work we would lose power at 5. It got to where I would just make sure I was out of the house for a while because I knew it was going to go down.
This post was edited on 6/27/24 at 1:42 pm
Posted on 6/27/24 at 1:42 pm to Zephyrius
quote:
I take the Commissioner's dissent vote as a token safe vote to make the optics of a unanimous vote not look totally awful for the PSC.
I don’t agree with Davante about much politically, but his dissent statement is genuine and he was never going to approve a rate increase.
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