08-04-2007, 04:25 PM
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Political Mastermind
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Join Date: Mar 2007
Posts: 1,221
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Mulp: Well, I suppose if the cost of constructing power plants is charged to the lenders, the stockholders, and the rate payers as a separate rate for the construction costs of a plant no longer owned by the utility, I suppose you can call them cost effective. I am paying as a consumer of PSNH power for my share of about one-third of Seabrook's cost,
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What’s Seabrook?
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Mulp: with the stockholders losing their entire investment in PSNH, and the lenders losing about half their loan value, as Seabrook was sold for one quarter its book value to a plant operater that is now making a profit on it. However, the rates we pay in New England for electricity aren't very low, and that is without adding on the amount that PSNH customers are paying for the cost of the plant that is a profit center for another corporation
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So PSNH is privately owned company that has been granted monopoly status by the state of New Hampshire is that correct? |