From:                   "Michael D. Barrett" <[EMAIL PROTECTED]>

Thing is, much of what they "invest" in is fronted by the ratepayers (you and 
me). And 
the other key point is that the 12% is _guaranteed_, So, since it's fixed, it's 
not what 
they care about. Instead, they care about making 12% on more, more, more. SO 
they get 
capitalist-style profits, but with a socialist-style monopoly, and with no 
entreprenurial 
risk. Nice work if you can get it....

> But 12% is still 12% no matter how big the pie. The capital markets 
> care about rates of return, thus, this should be a wash.
> -Mike
> 
> At 12:47 AM -0500 5/13/06, timwong wrote:
> >12% of $100 is $12.  12% of $120 is $14.40.  So the utilities and 
> >ATC benefit from increased usage/waste.  So conserving energy is not 
> >a win-win for everyone, just the people who pay the guaranteed 
> >profits to these corporate monsters.

---------------------
Paul T. O'Leary
Desktop Insurgent
Madison WI  USA

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