In Pennsylvania, one electric utility is begging people to stash money now into a utility-managed account, for use when the rates skyrocket after cap-and-trade is passed.
They promise the suckers (er, “customers”) a 7.5% interest rate on the money, but of course that, too, will be used to defray the upcoming gigantic electric bills.
You don’t suppose, do you, that the electric company has already crunched the cap-and-trade numbers and concluded that a lot of customers will not have sufficient cash flow to pay their utility bills?
Hmmmmmm...
“You don’t suppose, do you, that the electric company has already crunched the cap-and-trade numbers and concluded that a lot of customers will not have sufficient cash flow to pay their utility bills?”
Not just the utility companies, but the government, too. I see another subsidy to keep from hurting “the poor.” Really, this is just another vehicle to socialism, rationing, and perpetual dependence on government.