This does not bode well. The Kiplinger Letter, April 11, 2008, had the following to say about future electricity bills:
************************************************ Electricity rate increases will accelerate in another year or two. Among the drivers: Financing woes squelching plant construction. Escalating costs...both for materials and for skilled technicians... combined with a more cautious lending environment mean utility companies are shelving plans for new power plants. Despite increasing demand, utilities fear they won't be able to recover costs in a reasonable time. On average...4%-5% annual rate hikes, compared with average jumps of 2% in 2007 and just under 3% this year. Another likely consequence: Blackouts and brownouts will become more common at peak use times. ************************************************ Regards Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/orionworks
