We (the people of Nova Scotia) used to own a little utility called Nova Scotia Power Inc. This utility paid for itself and employed many of mine and your neighbours. The government of the day (1992) took it upon itself to privatize this particular utilty on our behalf (thanks for not asking). Since, employment has dropped to near nothing and there seems to be no limit to the increases in our rates (anyone else know of an investment which has a legislated minimum return rate?). You hear no mention of this in any news medium. Where is my cheque for my share of the utility which was sold? Or better yet, have NSPI returned to the government at the price it was sold.
Don’t even get me started on the coal mines and the dirty lies and fabricated reports which made BILLIONS for Joe Shannon and Paul Martin!!! —Cape Fifer
This article appears in Sep 1-7, 2011.
Don’t get me started [waving upraised fist in the air]. Legislated sodomy.
Much like this so-called “regulated gas pricing”. Pffft. Let’s see, a 5 cent/litre jump in price, JUST before a holiday long weekend. “Oh, it’s just pure coincidence.” Regulated my ass!
I heard someone make a good point about this latest hike in power rates (due to the closure of the paper mill): If the mill is closing and are no longer a major customer of NS Power, then they are obviously not going to be using any electricity, thus eliminating the need and associated costs for NSP to produce the “X” amount of power they used. So, why the need to enact damage control to try to recoup the profits if you’re no longer spending the money to produce it? Answer: Pure, out-right greed! That, and the fact that they know they can get away with it. We’re getting raped and no one seems to be doing a damned thing about it. The URB is of no help either. Just another waste of time and money because they invariably bend to NSP’s whim every time, with the exception of, I think, once a couple of years ago. They’re all fucking lying, thieving crooks.
what the fuck else could you expect from that other bunch of crook bastards. and by the way, they still couldn’t alance the books for that year, and it has grown ever since. dexter got sucked into one mean fucking job, and bet he has second thoghts about even running again.
the only way that the ndp could ever hope to score some pre-election points, is to make or force, if you will, emera to sell back to us. and no, not at a huge profit, they have already gottenthat a million times over, and have not done fuck all to keep power flowing, even on a calm fucking day.
they get a guarenteed profit every year, and nevr invest one fucking cent back into the business. we get sucked into doing it, by hikes in rates. what other fucking company could do that shit, and not be tarred and feathered for it.
no, it isn’t dexter’s fault, so stop blaming him, or the ndp for that matter. you all know the group of crooks responsible for the sale.yes, we should make it very hard for this monopoly to keep doing busines here. there are home kits for power on the market, and i know of a dozen people using them now.their year bill, zero, after paying for units to hook up. but you do need an electician to put you in the line to your home. apartment buildings are screwed for now, but give it 2 more years, and watch emera really fucking sqirm, the slimey bastards.
Ah yes, the chair of the URB: Peter W. Gurnham, Q.C…. For years he was the lawyer for guess what company… you guess it! Nova Scotia Power.
Option A: greedy profitable corp with an underpaid workforce that is striving for more pay, meanwhile the customer pays too much.
Option B: ineffient goverment utility losing money while its lazy overpaid workers continue to sink it deeper and deeper into debt……..the only solution is make the customer pay more.
I choose Option A. At least it is based on actual supply and demand principles instead of phoney baloney regulated – often corrupt and dysfunctional – left wing principles.
If we’re going to have privatized power, we should at least have some fucking competition.
OP, if you were wise you’d be buying up NSP stock and adding it to your portfolio. It’ll just keep going up and up. Just keep your ear to the ground because once the infrastructure starts to go to shit (worse than it is now), NSP will sell everything back to the the NS Gov’t…….yes, the stakeholders win 🙂
Eff it all. I’m buying NS Power stock. Come on & join me. Profit from the masses! Check it out: http://tmx.quotemedia.com/quote.php?qm_pag…
Now, keep in mind that the corporation is earning a much higher rate than its 5%+ dividend. Where does the rest of the profit go? Capital improvements. Infrastructure maintenance? Ooooh, lots of questions on this Labour Day’s evening….
you want a competitor? get Petsmart in the power game.
They have all those mice, gerbils, hamsters, rats just sitting there trying to be cute.
put em on a wheel and rig up some cheese….
rodent power FTW