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Gov. Edwards Wants Utility Rate DECREASE

Posted on 1/4/18 at 1:36 pm
Posted by tke857
Member since Jan 2012
12195 posts
Posted on 1/4/18 at 1:36 pm
LINK

quote:

BATON ROUGE, La. (AP) — Gov. John Bel Edwards wants the recent congressional tax overhaul to drive down utility rates for Louisiana consumers.

The Democratic governor sent a letter to the Louisiana Public Service Commission, the state’s utility regulators, citing the new cut to federal corporate income tax rates.

Federal income tax rates are a consideration in calculating what utilities charge customers. Edwards says a 14 percent cut to tax rates businesses pay should force a lowering of the rates Louisiana residents are charged for utilities.

Commission spokesman Colby Cook said Thursday that the five-member elected commission already is looking at the issue.

At the board’s December meeting, Cook says, Commission Chairman Eric Skrmetta directed utility companies to report back in February about possible savings for ratepayers tied to the new federal tax laws.


Now you baws can stop bitching at your women for keeping the air/heater on constantly.
Posted by YoungManOldMan
Member since Dec 2017
1882 posts
Posted on 1/4/18 at 1:37 pm to
We ain’t run the heater. She ain’t allowed.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120165 posts
Posted on 1/4/18 at 1:38 pm to
frick this guy

Essentially a new tax on businesses.

Posted by Jones
Member since Oct 2005
90442 posts
Posted on 1/4/18 at 1:38 pm to
dont we already have the cheapest power in the country?
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18894 posts
Posted on 1/4/18 at 1:38 pm to
Poli Board.
Posted by rondo
Worst. Poster. Evar.
Member since Jan 2004
77405 posts
Posted on 1/4/18 at 1:38 pm to
quote:

Now you baws can stop bitching at your women for keeping the air/heater on constantly.



I hate the heater running because it gets hot as balls and my skin gets dry and itchy
Posted by TH03
Mogadishu
Member since Dec 2008
171035 posts
Posted on 1/4/18 at 1:41 pm to
quote:

frick this guy

Essentially a new tax on businesses.


How? If your bill is determined in part by your tax rate, why should you still pay higher if you tax rate goes down?

Maybe I'm missing something.
Posted by Mahootney
Lovin' My German Footprint
Member since Sep 2008
11872 posts
Posted on 1/4/18 at 1:42 pm to
quote:

skin gets dry and itchy
Ashy.
Posted by tke857
Member since Jan 2012
12195 posts
Posted on 1/4/18 at 1:43 pm to
quote:

frick this guy

Essentially a new tax on businesses.



go learn you some EBITDA then it might make more sense on why a rate decrease is a reasonable request.
This post was edited on 1/4/18 at 1:44 pm
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1818 posts
Posted on 1/4/18 at 1:50 pm to
quote:

dont we already have the cheapest power in the country?

i'm pretty sure Louisiana does have some of the lowest rates.
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 1/4/18 at 1:52 pm to
quote:

go learn you some EBITDA


Charlie Munger famously said, "Every time you see the word 'EBITDA', you should substitute the word 'bullshite'." This is pretty funny even coming from a guy who looks like Mason Verger.
Posted by tke857
Member since Jan 2012
12195 posts
Posted on 1/4/18 at 1:54 pm to
I mean as a means of company valuation sure....its just one of many tools but it does give someone a good snapshot
Posted by TH03
Mogadishu
Member since Dec 2008
171035 posts
Posted on 1/4/18 at 1:57 pm to
quote:

Every time you see the word 'EBITDA', you should substitute the word 'bullshite


If you only use EBITDA, sure. We used it in conjunction with profit margins, COGS, shrink, etc etc etc to get the full picture of how a store is performing. And it was part of the bonus structure
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1818 posts
Posted on 1/8/18 at 6:53 am to
for those of you who down voted me, check these websites out:

rates by states

state comparison

state profiles
This post was edited on 1/8/18 at 6:59 am
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 1/8/18 at 6:56 am to
quote:

How? If your bill is determined in part by your tax rate, why should you still pay higher if you tax rate goes down? Maybe I'm missing something.


This.
Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 1/8/18 at 7:17 am to
quote:

Gov. Edwards Wants Utility Rate DECREASE



Lol.

He's demanding something that the commission has already enacted and was going to enact anyway with or without his input.

He's a preening clown.
Posted by eddieray
Lafayette
Member since Mar 2006
18019 posts
Posted on 1/8/18 at 7:17 am to
quote:

frick this guy Essentially a new tax on businesses.


The governor did a noble thing. Don’t fight it. Your partisanship is showing.
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 1/8/18 at 7:19 am to
He wants to offset our income tax increases
Posted by tigerfootball10
Member since Sep 2005
9493 posts
Posted on 1/8/18 at 7:28 am to
quote:

He wants to offset our income tax increases

Exactly, decrease utilities so I can increase your income taxes. Typical Democrat
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 1/8/18 at 9:02 am to
If we don't we should. The fuel comes from here.
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