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Home Main Forums Latest Breaking News …FAT GIVEAWAY TO THE STATE ENERGY MONOPOLY

  • spud demon (1201 posts)
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    …FAT GIVEAWAY TO THE STATE ENERGY MONOPOLY

    Virginia’s House of Delegates passed an amendment to the bill yesterday which fixed one problem, but it’s still a huge giveaway.  After mostly-Dems narrowly passed the amendment, Repugs then held another vote where it passed (again) 96-1, so they could be on the winning side.  The vote on the bill itself, as amended, is expected today.

    AFTER GAINS IN VIRGINIA, DEMOCRATS’ FIRST BIG MOVE IS A FAT GIVEAWAY TO THE STATE’S ENERGY MONOPOLY

    HB 1558 and its identical Senate version SB 966 are on the verge of passingboth houses of the legislature. The legislation began as an effort to reverse a disastrous 2015 law that froze utility rates at exceedingly high levels, creating between $400 million to $800 million in overcharges just in 2015 and 2016. However, Dominion Energy, which has near-monopoly power in Virginia and substantial sway over its politics due to being the state’s largest corporate donor, was able to shape the bill to its liking.

    Instead of rebating all overcharges back to customers, the bill would allow utilities to divert that money to investments in infrastructure, like modernizing the energy grid and increasing renewable power generation. Supporters are effectively dangling the promise of more renewable energy so that utilities can avoid having to use their own funds to build it, winning support from a few environmental groups in the process.

    Lee Carter, a democratic socialist elected to the House of Delegates last year, denounced both the legislation itself and the process used to move it through the legislature. “As written, the bill is a steaming pile of garbage. You can quote me on that,” he told The Intercept in a phone interview.

    https://theintercept.com/2018/02/12/dominion-virginia-legislature-energy/

    @laadeedaava and other Virginia residents, please help stop this bill.

    GloriaMundi, Pastiche, DesertRat2015 and 6 othersdjean111, davidthegnome, , Enthusiast, mmonk, Marym625 like this
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7 replies
  • Marym625 (29835 posts)
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    1. JPR rec

    Unbelievable.

    I wish there was a way to “call” people from each state

    Take Action #StopFCC https://www.battleforthenet.com/breaktheinternet/ "Once the decision was made to go into Iraq as an invader and occupier,  it’s like our nation lost its conscience. And it has not yet gotten that conscience back." Madfloridian  
  • Marym625 (29835 posts)
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    2. I know this does not meet The Daily Radical rules

    But it’s too important for people to miss.

    Good luck out there

    Take Action #StopFCC https://www.battleforthenet.com/breaktheinternet/ "Once the decision was made to go into Iraq as an invader and occupier,  it’s like our nation lost its conscience. And it has not yet gotten that conscience back." Madfloridian  
    • Enthusiast (13207 posts)
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      3. Huge plus one!

      "I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country." Thomas Jefferson
      • Marym625 (29835 posts)
        Profile photo of Marym625 Admin

        4. Thanks Enthusiast

        I really don’t like doing this. It’s not what the radical is about. But sometimes things are just too important

        Take Action #StopFCC https://www.battleforthenet.com/breaktheinternet/ "Once the decision was made to go into Iraq as an invader and occupier,  it’s like our nation lost its conscience. And it has not yet gotten that conscience back." Madfloridian  
        • spud demon (1201 posts)
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          5. Maybe break the rule just for today…

          Assuming the vote does get resolved today one way or the other, this post won’t be important tomorrow.

          Sorry I didn’t have time to write a lot about it myself, but I do agree with the Intercept authors on this.  I was alerted to the issue by Tom Perriello (Berniecrat candidate for Virginia governor who lost to Northam in the primary last year), who sent e-mail yesterday afternoon but I was working very late…

          Cubs, Google+, Weird Al, BMW
          • Marym625 (29835 posts)
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            6. Happy to have it up

            I’m grateful you posted and really glad I saw it. :)

            Take Action #StopFCC https://www.battleforthenet.com/breaktheinternet/ "Once the decision was made to go into Iraq as an invader and occupier,  it’s like our nation lost its conscience. And it has not yet gotten that conscience back." Madfloridian  
  • spud demon (1201 posts)
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    7. Update: The House passed the amended bill Tuesday

    Now I think the process pretty much mirrors what would happen at the federal level — the Senate and House get together and work out the differences (namely this one amendment) and then vote again.  Both houses have a slim Republican majority.

    The MSM is spinning the amendment itself as a huge Democratic victory.  I still see the bill as a victory for the company over the consumers as well as the competition, even though one insane legal loophole has been removed.  They can grow as large as they want by “re-investing” excess profits instead of refunding them to customers, which was the original plan.

    News:  http://www.richmond.com/news/virginia/house-passes-utility-overhaul-with-crucial-amendment-aimed-at-double/article_df4363ec-bb63-5e62-8cb2-b6979dd2a39e.html

    MSM spin:  https://www.huffingtonpost.com/entry/virginia-democrats-score-surprising-win-against-utility-monopoly_us_5a8266eae4b0892a0352426d

    Cubs, Google+, Weird Al, BMW