Latest Breaking News

adirondacker

(2,921 posts)

16. Our electric rates shot up over 60% in the last couple of months in NY....

Sun Apr 6, 2014, 01:57 AM

Apr 2014

"SYRACUSE, N.Y. - U.S. Sen. Charles Schumer today said he will urge federal regulators to investigate the "mind-boggling'' increase in New York state electric rates this winter to see whether they resulted from price gouging or market manipulation.
Schumer said he has no evidence of wrongdoing but sees no good explanation for why consumer electric bills jumped 60 percent or more compared with last winter.

"Like you, I'm concerned that utilities are using the cold weather and the demand for natural gas to justify skyrocketing rates,'' Schumer said today. "We can't let those factors protect these multibillion-dollar dollar companies from scrutiny.''

Schumer also questioned whether wholesale energy companies manipulated electric or gas markets by withholding capacity to drive up prices.

"If this is just part of natural causes . . . and there was no manipulation there, then so be it. But many experts are worried that that is not'' the case, Schumer said."

http://www.syracuse.com/news/index.ssf/2014/04/schumer_seeks_federal_probe_of_spiking_new_york_electric_bills.html

Maybe the Russians have taken over our utilities. (It's actually a Canadian Multinational)

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

22 replies

= new reply since forum marked as read

Highlight:

White House criticizes Russia's increase in gas price for Ukraine [View all] dipsydoodle Apr 2014 OP

You see, Russia should just give gas away, out of the goodness of their hearts Demeter Apr 2014 #1

Good ole IMF austerity is coming, too Boreal Apr 2014 #4

Russia had been leveraging Ukraine on gas for years. joshcryer Apr 2014 #9

was cheaper for Ukraine to reimport gas from EU ? dipsydoodle Apr 2014 #11

"Ukraine will have the last laugh when the US exports fracking technology to them"? Nihil Apr 2014 #12

The U.S. just can't help itself. former9thward Apr 2014 #2

it's so much more fun to scold others than fix your own house n/t Psephos Apr 2014 #17

yeah ok.... Burf-_- Apr 2014 #3

Obama decides this?....nt quadrature Apr 2014 #5

MYOB 840high Apr 2014 #6

White House Spokesman�s Advice: Don�t Invest in Russian Stocks jakeXT Apr 2014 #7

That "debt" was made up nonsense. joshcryer Apr 2014 #8

Meanwhile, gasoline has doubled in the US since 2007 seveneyes Apr 2014 #10

Our electric rates shot up over 60% in the last couple of months in NY.... adirondacker Apr 2014 #16

on the same day as it announced "economic sanctions" against Russia Doctor_J Apr 2014 #13

coercively - Kinda like the economic sanctions we levied. Jesus Malverde Apr 2014 #14

I'm sure we'll find the money for the Ukranians....... DeSwiss Apr 2014 #15

Only we get to impose austerity on other countries out of pique of for revenge. nt bemildred Apr 2014 #18

In your comment at the bottom, you say that the additional "balance" of $100 was paid by Russia and karynnj Apr 2014 #19

It was paid by Russia inasmuch it was by removal of duty payments from Gazprom dipsydoodle Apr 2014 #20

I agree that - if this is correct - Tymoshenko really signed a bad deal karynnj Apr 2014 #21

The history of this subject is extremely complicated. dipsydoodle Apr 2014 #22