For the last few weeks I’d been receiving approximately daily post cards protesting the electric company considering a rate hike of more than a few percent in order to finance and build future power plants to replace some of the nearing dangerously obsolete ones. Some mailing came from a very liberal local politician with whom I generally agree. Someone is spending bales of money to encourage people to not-want to spend more for what they are already getting. Seems like sweeping the water downstream, to me.
But I’m a Tanstaafl skeptic: Rebuilding infrastructure without incurring crippling debt does not seem like such a bad idea, my knee jerks. Also, local electric rates are lower than when I was in college, when adjusted for inflation, so it seems about time for a rate hike, anyway.
Yesterday I finally got a rebuttal mailing that describes the finances behind this odd campaign: PAC affiliated with aluminum corporation at play in state Senate primaries. Yep, an aluminum company fears that it will have to raise prices, because a major part of the process of making it requires megawatts of electricity.
Here’s how aluminum is made, if you are at all curious:
So now we know who has the profitability to outspend a huge power company on a campaign to make people do what they want to do anyway, and things are making sense, again.