Politics: Oddly, Personal Profits Are Not Up $100 Million
Bush Administration Energy Secretary Spencer Abraham (who, like John Ashcroft, got booted from the Senate and landed in the Cabinet), tells us that consumers will bear the brunt of the $50 billion it will cost to upgrade the nation's electricity infrastructure.
However, it seems that maybe the public utilities could also take on some of that cost, since it is the system they use to serve customers. Why, this Southern Company press release tells us that Southern profits were up $100 million in the second quarter of FY03. The release goes on to apologize to investors for not squeezing more money out of the suckers, er, customers, because of the mild spring.
FYI, Southern, in addition to apparently enjoying immunity courtesy of the Bush Administration from having to finance the upgrades in the nation's power infrastructure, is also one of the most vile polluting corporations in America. Okay, I'll stop.
(Also posted at naw)
Bush Administration Energy Secretary Spencer Abraham (who, like John Ashcroft, got booted from the Senate and landed in the Cabinet), tells us that consumers will bear the brunt of the $50 billion it will cost to upgrade the nation's electricity infrastructure.
However, it seems that maybe the public utilities could also take on some of that cost, since it is the system they use to serve customers. Why, this Southern Company press release tells us that Southern profits were up $100 million in the second quarter of FY03. The release goes on to apologize to investors for not squeezing more money out of the suckers, er, customers, because of the mild spring.
FYI, Southern, in addition to apparently enjoying immunity courtesy of the Bush Administration from having to finance the upgrades in the nation's power infrastructure, is also one of the most vile polluting corporations in America. Okay, I'll stop.
(Also posted at naw)
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