Tom Gallagher 
Member since Sep 23, 2010

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Re: “Utilities: The people's padding

The under collection condition you refer to is the upside down position the Utilities put this community in through its hedging program. We as a community were locked into buying product at a price 200% over market and to assure execution of these contracts large cash collateral postings had to be made. Turning to the ratepayer to cover bad business decisions that do not provide a direct benefit to the rate payer is prohibitted by the PUC. So much for the I do not do my homework Mr/Ms to embarrassed to post my name to my comments

What is in place now is a systemic practice founded in fraudulent accounting practices. Call the SEC and ask about recording liabilities as liquid assets. This is the story of Enron on a smaller scale wherein all the players (the Board, the lawyers, the accountants, the analysists) signed off, but at the end of the day it was still fraud.

As to my championing alternatives to SDS, that is my job and there are several less expensive more reliable ways to accomplish the task that do not involve handing control over 60% of this communities water supply to the federal government. You spew forth hateful invectives and false inuendo then hide behind the name Anonomous2. I challenge you to a public debate on these allegations faceless being. I am prepared to present over 100,000 pages of scientific data, 100s of engineering studies and 1000s of technical memos all of which refute the viability of the SDS as proposed. I can also provide detailed engineering analysis from several of the worlds largest developers and providers of renewable energy to support the economic viability of developing a water project in eastern Fremont County that can provide more firm storage, greater systemwide reliability, at significantly lower expense, along with a revenue stream that pays for the project.

Step up or shut up

Tom Gallagher

Posted by Tom Gallagher on 09/24/2010 at 3:09 PM

Re: “Utilities: The people's padding

This is the reality, if averaged the utility owes $100 to every natural gas customer it serves. By refunding through the GCA, the practice of over-collection never stops because the base rate (where the over collection occurs) never gets adjusted down to where it needs to be. The Utility has been in a perpetual state of over collection since the end of 2008.

Picking the pockets of your customers is wrong no matter how you slice it. Today the Utility is touting a natural gas rate reduction. Refunding money is not the same thing as a rate decrease and to package it that way is disingenuous. Return the money wrongfully collected and set the natural gas rate where it only recovers the cost of service.

Posted by Tom Gallagher on 09/23/2010 at 9:29 AM

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