I read about my electricity rates in my newspaper last week and it pisses me off for many reasons. By the way, by "my newspaper" I mean the
Chicago Tribune and it's not point in my linking to them because they won't let you read the story unless you're a member anyways. Another thing to piss me off.
So, I was reading about my electric rates, which my paper warns me to "prepare" for them to "skyrocket." Because we have "enjoyed" a rate freeze which expires next year. And now, our deregulated utility will get to bid for electricity to find us the lowest rate. Except they're bidding from their own parent corporation, which generates electricity from nuclear plants built from and maintained by taxpayer funding.
Hooray! Another win for the regular Joe!
Do you know who bid for the contract? Excactly two groups. The afore-mentioned parent corporation, Exelon, and an unamed "loose consortium of investors." Wow! The free market at work! Are they sure the rates will "skyrocket?" Because this sounds like a boon for consumers!
Fuck me. This is another in a long line of non-discretionary items rising exponentially in cost. Food. Medical. Gasoline. Utilities.
But, hey, I can buy a DVD player cheaper than ever! Doesn't that feel good?
I'm also highly pissed at the Tribune, which wrote another colossally skewed piece of pro-corporate garbage without investigating. I think they just copied the ComEd press release word for word. In almost the last paragraph, they mentioned that
Illinois Attorney General Lisa Madigan is suing to halt this debacle . They didn't explain her position. Instead they claimed, "Her action may halt the auction, possibly resulting in even higher rates." Too bad they couldn't install a audio chip to play, "Boo, hiss!" Yes, that villain is trying to stop the good, generous power company from providing us with the cheapest, most reliable forms of energy at a rate that barely allows them to reap the highest profits for any electricity provider in history. It brings a tear to the eye!
And you gotta love the Illinois Commission. I can't recall a single instance under any administration, Democratic or Republican, where they denied an industry's request. I feel so protected. And like it matters who the hell I vote for anymore.