Geo Fish

Category: Cap & Trade Bill

  • What Could the General Assembly Do For Ratepayers? And How Much Is Political Capital Worth? Well, Here’s My Plan…at long last!

    Quote: “To me, this is an honest and brokered approach that is not only doable, but morally correct and ethical.” Having read the Elizabeth City advance I started thinking it’s time for me to put up or shut up. Well, below is a plan I think the City of Rocky Mount (through the guidance of…

  • Police Turn Away Electricity Protesters in Hertford

    Lack of permit shuts off electricity protest Hertford cuts off power to 62 residences By Cathy Wilson The Perquimans Weekly Monday, August 03, 2009 Hertford —  About a half-dozen town residents planning to protest the high cost of utilities in Hertford on Monday were turned away from City Hall because they lacked a required permit.…

  • City council considers solar farm for Raleigh

    Why this is important: Rocky Mount buys close to 18% of its power from Progress Energy on the open market-the rest is bought wholesale from Electricities.  If Rocky Mount would invest in these types of ideas, ratepayers could realize a net savings over the next 5 years. We could reduce the overall market consumption, become…

  • ElectriCities CEO says climate bill too costly

    (From Fayetteville Observer) The new leader of a North Carolina association of public electric systems says a climate bill that passed the U.S. House last month is too costly. In June, Graham Edwards became the newest chief executive officer of ElectriCities, a lobbying and training group that represents about 90 municipally owned systems, mostly in…

  • ElectriCities will not refinance power plant debt

    The way ElectriCities went about working the debt ratio and the options they used to project refinancing of the debt was a no win situation.  The only way to ever get out from under this debt is to approach our Congressional leaders and get a very low interest loan from Washington.  From AIG to GM,…

  • Stantonsburg board considers rate increase

    The proposed five percent electric rate increase in the 2009-2010 budget was part of several upcoming energy changes that may occur in the Town of Stantonsburg. A letter agreement with Progress Energy was a related topic of discussion. The letter would signify the town’s commitment to the use of a certain amount of renewable resources.…

  • What Happened in Statesville May Happen Here

    As weatherization money flows from the Federal Government that is a decent chance that it may work.  Weatherization project goals are geared to decrease the consumption of electrical needs of ratepayers.  Most Cities in both the western and eastern power agencies depend on utility revenue to balance their budgets.  Rocky Mount and Wilson is no…

  • ElectriCities Hires Graham Edwards as CEO

    We reported on this last week when we mentioned it regarding our video on the NCEMPA Board Meeting.  Edwards base salary will be  $535,000 a year plus benefit package (including severance).  Edwards worked at Midwest ISO until his retirement.  He retired to South Carolina.  Edwards starts June 22nd.  Read the Press Release From Electricities Click…

  • Duke Wants 12.5% Rate Increase

    Historically, these companies usually all follow around the same time such as Duke, Progress, Dominion, and ElectriCities.  Art Hubert, interim CEO of ElectriCities was asked last week about a rate hike and he didn’t discount the possibility. Click the picture to see the article

  • FLASHBACK: THE CARBON TRADING FLOOR

    This article relates to eastern North Carolina to the extent that Carbon Trading Credits have been in the works for a long time. Wall Street has figured out a way to make big money off of HR 2454 (Climate Bill).  The question to be answered is if Wall Street plans to make all of that…