Democracy and the Free Market Economy. You just have to love it, don’t you? That’s what we’re all fighting for. Right? I mean Saddam only gave those poor bastard Iraqi’s ONE choice for electric power, as opposed to the good old USA where we get a whopping, er, uh ….. one choice? What, that doesn’t sound right. Does it? Aren’t we supposed to be better than that?
What happens to the “free market” when one company is only one game in town? What happens when that company is publically traded, and has only one, sole legal duty, which is to increase value to shareholders. And what happens if that one company supplies a necessity to non-shareholders. And what if that company has a powerful lobbying group to bribe off “regulators” and “lawmakers” to get whatever the hell they want.
Well, then you don’t have a free market. You have what they have in China. You don’t have “a choice”, you have “the choice”. In this case, that choice goes by the name “Nevada Power” or to be technically correct “Sierra Pacific Resources” which trades on the New York Stock Exchange under the symbol SRP.
You see, SRP is hurting. They are hurting so badly that their stock is only up 24% this year. So it only makes sense that they are “asking” for another 8% increase in electricity rates. I mean, what are you going to do … switch companies? Bwahahahahaha. Go ahead. Try. I dare you.
It’s the perfect ruse. One that our elected and appointed officials will gleefully rubber stamp, because let’s face it … Nevada Power has a lot more bribe money than you do.
So, the current 120% markup on power isn’t enough. The $5 “customer surcharge” (as if you have a choice but to be a customer) isn’t enough. The last 5 rubber-stamped rate increases weren’t enough.
Well, it wasn’t so much that they weren’t enough, it just never hurts to ask for more. Especially if you know you will get it. Especially from our oh-so-vigilant protectors of the public interest.
So, yesterday Nevada Power filed for yet another rate increase … again, and come next summer, that burning sensation between your butt cheeks will not be hemorrhoids, that sensation will be Nevada Power’s electrified dick up your ass. K-Y jelly would require an extra 5% rate hike, so that’s out of the question. At least for now.
Car dealerships have 5% markups, grocery stores have slim markups, most stores have single, maybe double digit markups. Why? Because you will go somewhere else if they go too high.
Allowing a monopoly that provides a necessity to maintain triple digit markups on a product is a travesty and miscarriage of public trust and interest.
This increase, which is set to take effect in June 2007 (just in time for 110 heat), will bump the average monthly bill up $17.50 to roughly $315 per month. That’s right, over $300/month for the AVERAGE household.
The fact that any entity in the county or city would even entertain the thought of rubber-stamping yet another increase like this should make every Southern Nevada resident with an IQ over 80 (all five of them) stand up and say “We’re not going to take it anymore!”. But then they would be sitting in the dark. Really … what can you do?
You can write letters, and go to public meetings and bitch, but that’s about it. Money talks, and the destitute Nevada Power has a bullhorn.
And let’s not forget those polls that rank Nevada Power “worst customer service” and “worst public utility”. Hell, they don’t even have to be competent or cordial to you. I hate to beat a dead point, but the fact remains, Nevada Power can tell you to go fuck yourself in the ear every time you call (which they practically do), and you can’t do one damn thing about it.
Therefore, out of sheer frustration and powerlessness, I would like to sincerely extend a personal gesture to Nevada Power and every local official who enables the complete and utter pillaging of Nevada residents to continue:
