Posted on 08/25/2010 3:19:28 PM PDT by WOBBLY BOB
Dick Kelly, CEO of Xcel Energy Inc., is irked that Congress hasn't raised his taxes.
"We need a price on carbon," said Kelly, who runs a multistate utility in the vanguard of next-generation efficiency and cleaner-energy programs. Kelly, Duke Power CEO Jim Rogers and other utility executives have been expecting Congress to pass cap-and-trade legislation, which would effectively place a tax on carbon emissions.
(Excerpt) Read more at startribune.com ...
what’s his angle??
the house (read: compliant financial services giants and their compliant corporate customers) has had plenty of advance notice to give itself the edge in this casino.
They’re looking at the trillions to be made selling phony “credits”. What you can make selling energy is chickenfeed compared to what you can make selling phony paper. Just ask the people who ran Fannie Mae into the ground.
Of course, they are in the vanguard and thus would be net sellers of credits with the added bonus that their competitors would have to pass along the cost to their customers.
I think he has an appropriate first name...
I’m guessing they’re a Climate exchange members.
Utilities get a profit on invested capital guaranteed by their monopoly. More green investment means bigger overall profit. Funding is no problem. They aren’t on the same team as we consumers.
THANKS...that was my first thought....he’s benefitting from Cap & Tax.....what a creep
He’s talking up his book. Pay no attention.
“what’s his angle??”
He’s part of the corporate oligarchy that rules this country. The politicians are bitches for these people.
Carbon tax pays for NWO.
They would get control of every business and choose which one lives and which one dies.
This is tax on breathing.
There are many losers in this world, like the RFID Chip volunteers, who believe NWO would lead to bigger and better things for them. This guy may also have had his ego massaged by inviting him to Bildeberg or CFR meetings, or maybe by running his mouth he hopes to score an inviation. He probably feels the connections he would make there would bring much more profit to his business than the taxes would hurt. Or like Goldman Sachs and others, he has taken out personal positions in companies that would BENEFIT from Carbon Tax. He could also be brain-raped viction of NWO media.
Who cares.
Carbon Tax is the LAST tax Elites need to take away rest of our rights and freedoms.
This is an example of how detached from the real world these CEOs become when they flee to their world of play as soon as the hard day’s work is over.
The actions being taken in Michigan are a fine example.
The legislature mandates cuts in production from energy producers. The energy producers don’t complain a whole lot because the cuts translate to lower overhead costs and artificial increses in demand. The procucers charge higher prices for producing less and they then sell carbon credits and make even more.
“Utilities get a profit on invested capital guaranteed by their monopoly. More green investment means bigger overall profit. Funding is no problem. They aren’t on the same team as we consumers.”
I am the operator of a small public utility, which is owned by a huge national utility corporation. The Public Utilities Commission sets our rates, and we are allowed a 10 to 12% profit. If regulations, fees, etc., make our costs rise, we charge the customer base more. And guess what? We still are allowed our 10 to 12% profit. So that percentage becomes a larger profit, based on the larger total revenues. What’s to lose?
Like Enron, they are positioning themselves to profit from a carbon constrained generating capacity utility business.
If you ask me, it is unethical. There is nothing wrong with CO2, and to regulate it as if it is pollution is just plain wrong.
Utility executives are not true capitalists, entrepreneurs, or free market advocates. They are crony capitalists who operate in an environment of little competition due to government regulation. With government acquiescence, they pass costs along to the public with a slight mark-up. The government allows the utility to make a profit, just not too much of a profit, but a guaranteed one all the same.
For a utility to make more money, the company must find a way to raise costs in a government accepted manner, so the costs can be passed along with the mark-up. This is the appeal of cap and tax. The utilities love solar, not because it makes sense economically or practically, but because it costs more.
Five percent of a dollar is a nickel. Five percent of five dollars is a quarter. If you were a utility executive who could only keep a nickel each year and government, with the stroke of a pen, could enact legislation that allows you to keep a quarter, would you lobby for it?
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