Due to troubles at the Kewaunee nuclear power plant, the Wisconsin Public Service Commission has agreed to allow its three utility owners to accelerate depreciation based on a plant retirement in...
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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
editor of PUBLIC UTILITIES
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