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Re: “Utilities' trial by fire

So I wonder, how will selling a crown jewel of the city for a one time shot of cash benefit the citizens in the long run? Is it better than a constant annual stream of cash direct to the city's coffers ($31 million this year) with no "middleman" (i.e. shareholders)? I doubt it. And could the Koch brothers, who provided campaign funding to Mayor Bach, be involved?

How do constant rate hikes needed to pay distant shareholders concerned only with investment returns benefit our community?

In terms of service and rates, there is a similar situation in Pasadena CA and surrounding communities. Pasadena, like Colorado Springs, owns their electric company. Surrounding communities recieve power from an IOU. During a recent Santa Ana windstorm considerable damage occured. Who had the least amount of damage and fastest restoral of service? Why you guessed it, Pasadena with its city owned utility. For more information, see these articles written by Dr. John Grula in the Pasadena weekly.………

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Posted by ColoSpgsNative64 on 10/26/2012 at 8:05 PM

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