IS IT TRUE? December 6, 2010
IS IT TRUE that Henderson Municipal Power & Light is considering selling surplus power?…that HMP&L has hired a marketing consultant to help them find markets that are willing to pay them for that surplus power?….that the residential electric rate is 4.34 cents per KWh in the winter and 5.49 cents per KWh in the summer?….that Vectren’s recent application for a rate increase if approved will raise the rate charged to customers on the north side of the money saving bridge to 13.93 cents per KWh from the present price of 12.49 KWh?…..that Vectren charges 150% more for the same KWh than Henderson Municipal Power & Light charges?
IS IT TRUE that in the coming cold months if your electric bill in Evansville is $300 that across the money saving bridge the same bill would only be $104.24?…that if Vectren has its way with the State of Indiana and the rate increase is approved your $300 electric bill will increase to $334.59 yet in Henderson it will still cost $104.24?….that this difference in price would not even be possible in a free market?…that this is just a taste of what a legislated monopoly can cost?
IS IT TRUE that basic manufacturing consumes lots of electricity?…that if a business is considering both Henderson and Evansville for an expansion or a location for a factory that one of the biggest considerations is the cost of utilities?…that a business that has a moderate electric bill of $100,000 per month in Henderson could be socked with a $250,000 per month bill in Evansville?…that sometimes the power companies negotiate a lower rate for industrial customers?….that doing so is subsidizing businesses at the expense of residential customers?….that when people pay higher prices for electricity than businesses that is called “redistributionâ€?…that the difference in electrical rates is always a serious issue for the north side of the Ohio River when competing for jobs?
IS IT TRUE that according to the Competitiveness Redbook published by the National Association of Manufacturers that if SW Indiana were a state that it would have the 10th most expensive residential electric rates in the United States?…that Indiana as a state ranks a more affordable 39th at 7.83 cents per KWh and Kentucky ranks 45th with an even more affordable rate of 7.10 cents per KWh?
IS IT TRUE that Henderson Municipal Power and Light does not need a consultant to tell them how to sell surplus power?…that all HMP&L needs is a chance to sell it to us with no middle man in the deal?….that if Henderson Municipal Power and Light were allowed to sell power in Southwest Indiana at even a 20% premium to its Henderson rates that every home and business in Vanderburgh County would sign up at the first opportunity?
IS IT TRUE that there are now 706 days remaining in the two years that the EPA had given the City of Evansville to present an acceptable solution to the Combined Sewer Overflow problem?…..that this plan is an expensive and complex endeavor that needs immediate attention to avoid the embarrassment and expense of another round of fines?
IS IT TRUE that the agenda for the Evansville Redevelopment Commission has been amended and that the discussion regarding the bids on the Downtown Convention Hotel has been moved to next week?…that we anxiously await the reading of the proposals
References:
Henderson Residential Rate: http://www.hmpl.com/rates/rrate.php
Vectren Residential Rate: http://www.vectren.com/cms/assets/pdfs/bill_inserts/dec09_southEH_insert.pdf