Public Utilities Reports

PUR Guide 2012 Fully Updated Version

Available NOW!
PUR Guide

This comprehensive self-study certification course is designed to teach the novice or pro everything they need to understand and succeed in every phase of the public utilities business.

Order Now

Looking for a Market Rate

Fortnightly Magazine - February 1 1996

burden of proof to step forward and explain why they've made bad investments," Schaffer predicts. "Explain why they didn't start writing down the defunct nuclear generation costs over the past 10 years. Explain why they have Italian marble in their executive headquarters. Explain why they have $2 crab cakes in the executive dining room."

Schaffer says JCP&L and opponents of municipalization assumed that Aberdeen would fail in running the power plant. That's wrong, he says: "Why are you going to assume bad management?" Schaffer notes that it's difficult to swallow predictions of failure from a utility that has anywhere from the sixth to the 11th highest industrial electricity costs in the nation, depending on the source cited.

But in the end, voters killed the municipalization referendum (em 3,646-563. Schaffer insists that if Anchor has Council support, it will try again this year: "We'll continue to look into it and review it and respond accordingly by how we're met."

Meanwhile, the company can look forward to another $4.1-million electric bill this year. t

Joseph F. Schuler, Jr. is associate




Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.