@Normal:$21 million riddle
Iím finding very confusing the debate about Green Mountain Power repaying $21 million.
The first thing I donít understand is why weíre having the debate. GMP accepted money on the understanding they would repay it when certain conditions were met. Those conditions are being met, so the money needs to be repaid. Thatís that. The second thing I donít understand is why Gaz Metro isnít being laughed off the planet for their proposal on how to return the money. They want to send their customers a bill for the money theyíre giving back to them.
Wish I could do that with my mortgage: ďIíll pay back the loan, so long as the bank gives me the money to pay it.Ē The third thing I donít understand is all the talk about why the Legislature shouldnít get involved in ďan open regulatory docket.Ē The provision of electricity is clearly of public concern. When the public has such concerns, their remedy is their representatives: the Legislature. Given that Gaz Metro has made it clear they do not intend to honor the agreement, it is no wonder people want action.
If it isnít the right time to intervene when the ďdocket is open,Ē when is? After the deal is done? I donít think so. Finally, Iím wondering if all this fuss about what should be a closed issue is to keep people from looking at the real issue: do we want this deal or not? It is supposed to save money, but itís going to put the state at the mercy of a huge corporation, which could cause many and expensive problems. Gaz Metroís efforts to get around their obligation to ratepayers is a warning of things to come. They want to bully their way out of paying on monies promised even before they own GMP.
If we give them control of the majority of power in the state, they are going to control a lot of power in the state. And I donít mean electricity. Brian Wightman BarreMORE IN Letters
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