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Tuesday, July 8, 2008

NSP And Reality Don't Mix

So this year NSP plans on demanding an 11% rate hike for residential customers (while lowering corporate usage rates) and now they want to force the good people of Nova Scotia to foot the bill for a new 60 million dollar HQ on the site of the old power p

Posted on Tue, Jul 8, 2008 at 3:36 PM

So this year NSP plans on demanding an 11% rate hike for residential customers (while lowering corporate usage rates) and now they want to force the good people of Nova Scotia to foot the bill for a new 60 million dollar HQ on the site of the old power plant on the waterfront (HFX side).

It seems to me that the building of a new HQ would be considered part of OPERATING COSTS...which should be taken from annual income before profits are declared and doled out to the shareholders.

Years of profit for the shareholders (instead of repair and infrastructure improvement) and continued lowering of corporate rates on top of executives being paid 44% over industry standard (while laying off linesmen and short-changing lesser employees of benefits and humane working hours) have led to a situation that relies solely on middle income families to support the decrepitude of NSP...

It's time Nova Scotians tell NSP to stuff it and start operating like a real business, operating costs come from your projected budget that relies on the GROSS INCOME...not by trying to impose unrealistic costs on your customer base.

READY TO REVOLT

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