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Started By
Message
John Bel Edwards wants lower power bills
Posted on 1/4/18 at 1:14 pm
Posted on 1/4/18 at 1:14 pm
LINK
Something JBE is proposing I can get behind.
quote:
Gov. John Bel Edwards asked the Louisiana Public Service Commission Wednesday (Jan. 3) to look at lowering utility rates for state residents and businesses now that utility companies won't have to pay as much in federal taxes.
Edwards, a Democrat, said current utility rates have been set based on utility companies having to pay more in federal income taxes than they will under a new tax plan Congress recently approved. Because the law recently drops federal income tax rates considerably for utilities, the utility rates should be reworked to reflect the lower costs for companies, according to Edwards.
quote:
The governor also said the commission should reconsider how net operating losses and the depreciation of property is calculated for the companies it regulates -- if those businesses have benefited from the federal tax bill.
The Public Service Commission is not beholden to the governor or the Louisiana Legislature. Voters select public service commissions in independent elections. The commission set utility rates for most parts of Louisiana. An exception is New Orleans, where the city council regulates some of those businesses.
Something JBE is proposing I can get behind.
14
Posted on 1/4/18 at 1:17 pm to WPBTiger
He should ask the legislature to deregulate like Texas did.
But I bet he doesn't have the balls to take on Entergy.
But I bet he doesn't have the balls to take on Entergy.
Posted on 1/4/18 at 1:19 pm to WPBTiger
Can he lower insurance prices??? Louisiana insurance is a huge racket and it's fleecing the people.
Posted on 1/4/18 at 1:19 pm to WPBTiger
quote:
Something JBE is proposing I can get behind.
He's attempting to free up cash for an increase in state taxes
Posted on 1/4/18 at 1:20 pm to WPBTiger
Well some utilities are co-ops and don't pay taxes. I would much rather see the for profit utilities invest in their infrastructure to increase reliability and create jobs.
The JBE approach sounds like big government socialism, again.
The JBE approach sounds like big government socialism, again.
Posted on 1/4/18 at 1:20 pm to WPBTiger
quote:
lower power bills
Then that stupid bastard shouldn't have moved into the Governor's Mansion.
Posted on 1/4/18 at 1:22 pm to TrueTiger
quote:
He should ask the legislature to deregulate like Texas did.
I'm not so much in favor of deregulation, not for what it can save the utility companies, but what companies do to customers after deregulation.. Like what happened with Cable tv. It's criminal that people in smaller towns pay as much as people in big cities do for Cable and internet and the service in more rural areas is piss poor.
Posted on 1/4/18 at 1:25 pm to WPBTiger
JBE needs to focus on cutting spending, that is the only way out of his financial crisis.
Cut spending, not raise taxes
Cut spending, not raise taxes
Posted on 1/4/18 at 1:32 pm to 756
Slemco FTW.
Posted on 1/4/18 at 1:36 pm to WPBTiger
Not a bad idea, but probably better done as avoidance of future increases. Not as sexy, but it lets us see the impact of the tax bill (and other factors) first.
Posted on 1/4/18 at 1:38 pm to PanhandleTigah
quote:
Can he lower insurance prices??? Louisiana insurance is a huge racket and it's fleecing the people.
Only if he can convince the legislature that's full of attorneys to enact tort reform and put restrictions on all these attorney ads on TV and billboards.
Posted on 1/4/18 at 1:43 pm to BigJim
quote:
lets us see the impact of the tax bill (and other factors) first.
Prudence and moderation? BEFORE political pandering?? What a concept!
This post was edited on 1/4/18 at 1:49 pm
Posted on 1/4/18 at 2:03 pm to WPBTiger
So THAT'S why my Entergy stock dropped 1% in price in about 30 minutes this afternoon.
Posted on 1/4/18 at 2:17 pm to Tiger Prawn
quote:We have the same crap in Florida and I don't pay half what my mom pays for auto insurance. Car and home owners insurance for her each year is over $3200. It's ridiculous.
Only if he can convince the legislature that's full of attorneys to enact tort reform and put restrictions on all these attorney ads on TV and billboards.
Posted on 1/4/18 at 2:20 pm to WPBTiger
quote:
look at lowering utility rates for state residents and businesses now that utility companies won't have to pay as much in federal taxes.
That actually seems like fair logic and reasoning.
Posted on 1/4/18 at 2:21 pm to TrueTiger
quote:
He should ask the legislature to deregulate like Texas did.
But I bet he doesn't have the balls to take on Entergy
There are many reasons why 10% of all people born in Louisiana move to TX. Better jobs, better paying jobs, cheeper everything, no state income tax, and energy deregulation.
In October, have 1200 sq ft house in Louisiana not lived in bill was $76. Have a 2,500 sq ft house in Houston lived in and electric bill was $45. It is a daunting task to pick and electric company in TX but well worth it. 64 companies and with various plans and how they get their energy. I have 318 options with various plans in Houston and shop around every year. Never had the same provider twice in the past 5 years. Really enjoy the cheap electric rates.
Posted on 1/4/18 at 2:21 pm to WPBTiger
Tell him to take off that fricking hurricane tax. It's been 10 damn years.
Posted on 1/4/18 at 2:23 pm to Mudminnow
quote:
In October, have 1200 sq ft house in Louisiana not lived in bill was $76. Have a 2,500 sq ft house in Houston lived in and electric bill was $45.
I pay in the neighborhood of $300-$350 per month in SC.
House about 3K sqft and not that old.
I miss my LA power bill.
Posted on 1/4/18 at 3:13 pm to WPBTiger
Question, how does the PSC figure the rate structure?
Is it making sure the utility is profitable? Do they just look at profits, or do they consider profits after taxes?
That's the question.
Is it making sure the utility is profitable? Do they just look at profits, or do they consider profits after taxes?
That's the question.
Posted on 1/4/18 at 3:17 pm to cajuncarguy
quote:
I would much rather see the for profit utilities invest in their infrastructure to increase reliability and create jobs.
You got that right. I remember a couple years ago there was a strong tropical storm and the Baton Rouge power grid was absolutely hammered because Entergy had not maintained the system. Meanwhile, Lafayette, with its publicly owned system, and EATEL, and the coops all came through fine because of what should be standard maintenance.
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