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Since then powerlines have applied for and received consistent rate hikes anyway, citing soaring energy - producing costs, but the payoff was an Associated Press news item this week in which the big powerlines blamed decreased electric usage in part for their hiking of rates. When the volume goes down, rates must go up to maintain profit margins and gross revenue.
When and if the volume goes up again, the powerlines contend great new lines must be built which of course, costs a lot of money, with the costs as always passsed along to the consumers in higher rates. The consumer can’t win.
And Vepco’s arguments about shoeless children sound as vapid and misleading as its contention that electric energy usage doubles every ten years.
THAT ’ contention has been completely shattered by events since the application was filed. And the facts completely contradict President T. Justin Moore of Vepco who seized upon the energy shortage to proclaim, predictably, that it meant the new powerline was needed even more urgently than before (an odd outlook, inasmuch as Vepco has contended before that the need was so urgent).
According to a busi
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