Friday, October 05, 2007
Not surprised on the power rate cut
I'm not the least bit surprised at this legislative override to lower the residential power rates. The governor was being honest and prudent, not expedient. CUC, like most things on this island, is run ineptly. Half the problem is our Jurassic and economy of scale requirement to have a diesel engine power plant, which no one thought wise to maintain. This island became too overpopulated to handle the power demand. It seemed like there were at least fewer power outages with the higher rates as people conserved. I would expect more outages now, and that will drive businesses away and further our economic collapse. There was no business reduction, so the businesses still have the high rates and can expect more outages. This is an election year gambit. Courage would have been firing those jackasses who run CUC, even if they are your political supporters. There is no plan in place to fund the financial shortfall this will cause, and this override is another signal to any possible firms who would run a privatized power company that the politicians will do whatever is politically expedient. CUC needs close oversight for waste, abuse and corruption, not candy thrown to voters a month before an election.