Wednesday, March 08, 2006
The Greed Goes On…
So why does Utah Power suddenly feel so greedy? I don’t know maybe it’s the examples set by Exxon/Mobile, Questar and others. Or maybe its because they think we need to pay for the new customers service… Utah Power argues that in recent years it has had to provide service annually to an additional 14,000 to 18,000 new customers. So just let me understand this… You need to jack up prices because business is going so well that your business is growing too quickly? Your revenue stream is increasing but the profit margins aren’t there? It sounds like poor business management. Could this be because Warren Buffet’s Berkshire Hathaway will have completed their purchase of Utah Power by the end of the month? Maybe the Oracle of Omaha is making Utah Power seem like the bad guy by being the bastards that bleed more money out of Utah.
Utah Public Service Commission sucks and needs to be replaced by consumers and not corporate puppets.
Pat Bagely's Cartoon Sums it up nicely.
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