PG&E Shareholders compensated. Why?
Well, whose fault is that?
We didn”t ask for the new Smart Meters to be shoved down our throats and are suspect in accuracy and possible health problems.
But the California Public Utilities Commission (CPUC) authorized the 6.3-percent rate hike because shareholders need to be compensated for the loss of invested money for the old meters because they are pulled before their useful life was up.
Well duh?
Did the shareholders approve or go along with forced SmartMeters installation?
It”s the cost of doing business, so live with it. Besides you”re going to fire most meter readers to increase profit.
Most people are all having money problems right now. How can you be so sick with an outrageous vote for raising consumer rates when most of the country is having a hard time financially?
Any money PG&E suggests SmartMeters may save the consumer will be eaten up or perhaps exceed alleged savings.
Well shades of Erin Brockovich as PG&E sticks it to the consumer again with possible health problems. Who will compensate those who become ill? Will the CPUC step in with approval to take away the shareholders compensation to pay for defects in human life that will probably develop?
Another sick decision in times of economic agony for so many consumers who require electricity just to survive.
I bet the lower level PG&E employees will get raises too? Oh yeah. The positive side ? the honesty of PG&E President Michael Peevey as to why the rate needed to be increased. I hope it is not a “goodbye Mike” statement.
Joe Totorica
Kelseyville
