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zero percentage increase, effectively knocking the props from Vepco’s elaborate new-construction case presented to the SCC.
Yet to my knowledge Vepco has not withdrawn or revised its application to conform to the new usage facts, nor has Vepco’s President publicly acknowledged this dramatic turn-about in electric demand. Wht not? Is he trying to ignore or softpedal it in order to keep the pressure on for a highly-expensive (to consumers, of course, for they pay for all expansion in rate hikes) new powerline that is not needed, may never be needed and will stand as an everlasting monument to sheer folly?
In view of the continuing drop in electric demand generally and rising costs of construction, many utilities already have cut back sharply their construction programs. Vepco has done so to some extent but persists in its demand for this powerline. If the utility is so hard up financially, as it keeps claiming, why does it want to saddle its indebtedness with a great new financial weight? As one landowner who has viewed
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