IS IT TRUE? October 15, 2011
IS IT TRUE that today is the day the group of people calling themselves “Occupy Evansville†will be assembling at the Four Freedoms Monument to set up the occupation?…that the combined Facebook “like†indicators are now over 2,000?…that looking over the site there are people from as much as 100 miles away indicating that they will be joining in the occupation of Evansville?…that finally today that some pointed political posts and some demands are starting to show up in the local sites?…that these demands are looking very much like what other parts of the country are hearing?…that it seems as though this leaderless and misdirected group may be getting its marching orders from somewhere because that is the only way that uniform statements could ever find their way to what is now several hundred groups?…that if and we must say if the list of 13 “demands†that are listed in the Evansville Courier and Press this morning are the goals of this group that what they have is a utopian dream that will put the last dagger into the heart of the already weakened American economy?…that we hope that the Evansville group will direct its youthful energy into things that Evansville can use improvement with?
IS IT TRUE that within “Occupy Evansville†there is a very vocal group that are naming targets for march bys?…that the targets listed include Vectren, some banks, Springleaf (for AIG history), and of course government buildings?…that there is a section under legal where all of the protesters are instructed about what is legal and what is not?…that there is no need for anyone to expect any violence or disrespect as the group seems to be well coached on protest etiquette?…that all of these targets have some merit and may be a part of the improvement of Evansville and that we hope that they will see march-bys as a wake-up call as opposed to an attack?
IS IT TRUE that the press release from Vectren this week letting us know that natural gas prices have fallen and that we can on average expect to pay $10 less this winter to keep warm?…that of course the normal disclaimers like “if the winter weather is just like last year’sâ€, “if the sun shines as much as normalâ€, and “if there are as many power outages as last year†then you will see you $10 but if not we are not responsible for this statement were included?…that what the press release really said was “if you use exactly the same amount of gas that you used last year Vectren believes based on its purchases that you will save $10, and they would like to get credit for saving you the $10â€?…that this press release was really just an FYI to the ratepayers?
IS IT TRUE that unlike electricity where Vectren’s prices are dramatically higher than nearly every utility in the United States, their gas pricing is decoupled and actually has to compete in some areas that it serves?…that decoupling means that the price of the gas itself is passed directly through to the ratepayers at the cost that Vectren spends to acquire the gas?…that if Vectren is a good shopper that we the ratepayers benefit?…that if Vectren is a bad shopper and pays a high price for the openly traded commodity of natural gas that they will pass those extra costs on to us as well?…that during the last 5 years Vectren has been both a good and bad shopper?…that natural gas is traded today at $3.54 per million Btu’s and has a rising inventory?…that natural gas has not changed considerable over the past year but it has dropped dramatically from its highs of over $10 per million Btu in much of 2005?…that natural gas due to fracking increasing the supply is actually at a 10 year low in real dollars per Btu?…that Vectren does not have the size to control this market and is much at the whims of the market for gas as the ratepayers of SW Indiana are to the whims of the IURC?
IS IT TRUE that Vectren makes all of its profits from its gas operation from “distribution and service chargesâ€?…that in one recent statement that “distribution and service charges†make up 77% of the gas charges while the “therms used (code for gas)†only makes up 23% of the total gas charges?…that while the recent press release was informative that it was a little sleight of hand as Vectren as a company is only earning profits from the “distribution and service charge†side of that equation?…that given the drop in natural gas since 2005 that one would expect that the gas portion of the bill should be 60% lower now than it was then?…that that nice warm air is moved with fans from the source of the flame to most homes?…that these fans are powered by electricity which at the end of the day still cost triple as much in Evansville than it does across the money saving bridge?
IS IT TRUEthat 10 therms = 1 million Btu’s?…that a recent bill would calculate that Vectren charges $4.85 per mmBtu?…that the spot market for natural gas has been stable this year at just over $3.50 per mmBtu?…that it seems as though Vectren’s overhead associated with purchasing the natural gas must be about 35% – 40%?
Link to historical natural gas price chart:
