The selling off of American Energy Companies

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Profile Matthew Love
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Message 850861 - Posted: 8 Jan 2009, 15:19:01 UTC

Came across this article on the selling off of Puget Sound Energy to group of investors from Canada and Australia when is this for personal profit going to stop. Selling off A energy company with total disregard of peoples lives.

State regulators OK sale of PSE to investors



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Message 850864 - Posted: 8 Jan 2009, 15:22:16 UTC - in response to Message 850861.  

Came across this article on the selling off of Puget Sound Energy to group of investors from Canada and Australia when is this for personal profit going to stop. Selling off A energy company with total disregard of peoples lives.

State regulators OK sale of PSE to investors


How does this endanger people's lives?

In a 2-1 opinion, the Washington Utilities and Transportation Commission concluded the sale, subject to conditions to protect customers and the public interest, would be "consistent with the public interest" and would not harm ratepayers, the legal standard for approval of such sales.



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Message 850867 - Posted: 8 Jan 2009, 15:43:17 UTC - in response to Message 850864.  

Came across this article on the selling off of Puget Sound Energy to group of investors from Canada and Australia when is this for personal profit going to stop. Selling off A energy company with total disregard of peoples lives.

State regulators OK sale of PSE to investors


How does this endanger people's lives?

In a 2-1 opinion, the Washington Utilities and Transportation Commission concluded the sale, subject to conditions to protect customers and the public interest, would be "consistent with the public interest" and would not harm ratepayers, the legal standard for approval of such sales.



They always make this statement protect customers and the public interest, would be "consistent with the public interest" In past selling of companies do what they actually say what they mean and mean what they say.


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Message 850879 - Posted: 8 Jan 2009, 16:58:57 UTC - in response to Message 850867.  
Last modified: 8 Jan 2009, 17:06:55 UTC

Came across this article on the selling off of Puget Sound Energy to group of investors from Canada and Australia when is this for personal profit going to stop. Selling off A energy company with total disregard of peoples lives.

State regulators OK sale of PSE to investors


How does this endanger people's lives?

In a 2-1 opinion, the Washington Utilities and Transportation Commission concluded the sale, subject to conditions to protect customers and the public interest, would be "consistent with the public interest" and would not harm ratepayers, the legal standard for approval of such sales.



They always make this statement protect customers and the public interest, would be "consistent with the public interest" In past selling of companies do what they actually say what they mean and mean what they say.


Yes, but how does this put american lives in danger? What would a foreign investor do differently than an american one? Don't they both have the same desire for a profit?

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Message 850881 - Posted: 8 Jan 2009, 17:11:30 UTC - in response to Message 850864.  


How does this endanger people's lives?


I believe the reference is to the quality of the people's lives that are about to be impacted, most likely in a negative way.

We all know that employees are the last thing considered when corporate decisions are being made, especially after the sale of a company or a merger happens.


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Message 850883 - Posted: 8 Jan 2009, 17:17:15 UTC - in response to Message 850881.  


How does this endanger people's lives?


I believe the reference is to the quality of the people's lives that are about to be impacted, most likely in a negative way.

We all know that employees are the last thing considered when corporate decisions are being made, especially after the sale of a company or a merger happens.


The only problem people in washington have with this transaction is that they fear electric and natural gas rates might go up. If utilities are regulated there like there are here, any rate increase has to be approved by the reglatory comission. The employees of the company will see little or no change.

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Message 851114 - Posted: 9 Jan 2009, 3:25:05 UTC - in response to Message 850883.  


How does this endanger people's lives?


I believe the reference is to the quality of the people's lives that are about to be impacted, most likely in a negative way.

We all know that employees are the last thing considered when corporate decisions are being made, especially after the sale of a company or a merger happens.


The only problem people in washington have with this transaction is that they fear electric and natural gas rates might go up. If utilities are regulated there like there are here, any rate increase has to be approved by the reglatory comission. The employees of the company will see little or no change.


Until we take out the greed, self self centeredness as well as the me only concept then things will change.


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Message 851151 - Posted: 9 Jan 2009, 4:33:35 UTC - in response to Message 850883.  


The employees of the company will see little or no change.


Until synergies are rationalized to optimize vertical integration of talents, abilities and duplication of proccesses leading to... ah hell, here's your pink slip. Get out, and don't steal that pencil.
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Message 851174 - Posted: 9 Jan 2009, 5:09:47 UTC - in response to Message 851151.  

Unions won't work together with management. They have their contract and will stick to it to the bitter end.
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Message 851196 - Posted: 9 Jan 2009, 6:19:59 UTC

Jeez dude
I see nothing in this thread to indicate union involvement in any way.
Change the music.
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Message 851242 - Posted: 9 Jan 2009, 12:10:13 UTC

accidentally he wrote to the wrong thread, that could happen anybody.
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Message 851264 - Posted: 9 Jan 2009, 13:33:16 UTC - in response to Message 851114.  


How does this endanger people's lives?


I believe the reference is to the quality of the people's lives that are about to be impacted, most likely in a negative way.

We all know that employees are the last thing considered when corporate decisions are being made, especially after the sale of a company or a merger happens.


The only problem people in washington have with this transaction is that they fear electric and natural gas rates might go up. If utilities are regulated there like there are here, any rate increase has to be approved by the reglatory comission. The employees of the company will see little or no change.


Until we take out the greed, self self centeredness as well as the me only concept then things will change.


Apparently you believe that because the new investors are foreigners, they are greedy and self centered. Because the only thing that is that is changing is the ownership. The company is being sold from American investors to foreign investors. Anyway, I'm sure the American investors are just as greedy and self centered as the foreign ones. So there will not be a noticible change.

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Message 851265 - Posted: 9 Jan 2009, 13:36:21 UTC - in response to Message 851151.  


The employees of the company will see little or no change.


Until synergies are rationalized to optimize vertical integration of talents, abilities and duplication of proccesses leading to... ah hell, here's your pink slip. Get out, and don't steal that pencil.


Think you are describing socialism... (in most of your posts) I'd like to see evidence that socialism/communism will work. Because it hasn't worked for so far.

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Message 851562 - Posted: 10 Jan 2009, 4:10:51 UTC
Last modified: 10 Jan 2009, 4:12:35 UTC

I was mocking corporate talk.

Let me know how that whole unfettered and unregulated capitalism thing works out for you in the states.
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Message 851659 - Posted: 10 Jan 2009, 12:41:16 UTC

Well, in the UK, all the nationalised electricity, gas and water companies (and much more) were 'sold' or allowed to be stolen, during the reign of Evil Witch (Thatcher the milk snatcher).The electricity companies are now controlled mainly by French companies and we now enjoy what are probably, the highest electricity prices in Europe. The bit that really gets me, is, to add insult to injury, in France, these same companies are subject to price controls, set by the French government! Not so, here - in fact UK residents are not only filling the coffers of foreign 'investors' (I call them something quite different), but subsidising French customers.

All electricity, gas, water, and if applicable, oil companies should be controlled at a national level (state controlled), so that everyone pays the same price. Lets face it, with the convoluted way that private companies are often financed and controlled, can you really be sure that any profits are not being used against your interests, rather than making life a bit fairer for everyone? Capitalism can, just as easily, work against you.



Don't take life too seriously, as you'll never come out of it alive!
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Message 851672 - Posted: 10 Jan 2009, 13:46:18 UTC - in response to Message 851562.  

I was mocking corporate talk.

Let me know how that whole unfettered and unregulated capitalism thing works out for you in the states.


You mean heavily regulated... which explains the problems.

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Message 851997 - Posted: 11 Jan 2009, 2:29:56 UTC

Yes, I admit that I believe in socialism.
With that comes the concern for the well being of everyone as a collective entity.

The strident capitalist has no regard for the collective, or the well being of it's members, and therefore cares nothing for your situation or circumstance.
The capitalist believes only in the power of his money and his ability to buy your skills to meet his needs.

As a pack animal, which is what we are, which attitude is the best example to emulate in bettering our society?
Trying to go it alone or working as a group?
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Message 851998 - Posted: 11 Jan 2009, 2:35:36 UTC - in response to Message 851672.  



You mean heavily regulated... which explains the problems.


Are you actually claiming that the US economy has been over regulated these past 3 decades and that is the cause of this current economic crisis?

It's not very often I find myself at a loss for words but this is one of those times.

Heil Reagan



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Message 852716 - Posted: 12 Jan 2009, 18:02:39 UTC

It happens all over the world. In Australia, the states of Victoria and South Australia sold off their state owned electricity grids to American companies. Australian companies weren't even allowed to bid.

Since then blackouts have increased as maintenance has been cut back to increase profits. South Australia is the worst off as it's system is about 200MW under powered. The new owners are now insisting that it's the government's job to pay for the new power station required to make up the short fall.

Talk about wanting to have your cake and eat it too.

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Message 852720 - Posted: 12 Jan 2009, 18:28:28 UTC - in response to Message 852716.  

It happens all over the world. In Australia, the states of Victoria and South Australia sold off their state owned electricity grids to American companies. Australian companies weren't even allowed to bid.

Since then blackouts have increased as maintenance has been cut back to increase profits. South Australia is the worst off as it's system is about 200MW under powered. The new owners are now insisting that it's the government's job to pay for the new power station required to make up the short fall.

Talk about wanting to have your cake and eat it too.

Brodo
Well well well at least the Americans power companies are consistant. THey do the same thing over here as well. You need ot set them straight or they will forever hand their enormous hands out for more.



In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope
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Message boards : Politics : The selling off of American Energy Companies


 
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