Originally Posted By: Al
Originally Posted By: Gary Allan
150% of what you are. So, I'm just imagining getting boned more than I should be. I see
PECO is just up there with the all time Hollywood accounting queens ..that's all.
PECO is a poorly run Utility..I'll grant you that. I don't think their accounting is screwing you..Its their inefficiencies + they have a service area with many more little customers and a really really lot of residence feeds and higher cost area.
I don't think that's the case at all, Al. They've managed to configure all roads leading to a 12%ROI regardless of how you mix it up and how much they waste.
For example: Just about everyone else ..all other utilities ..use "time of day metering". The customer pays premium prices for premium power and pays cheaper prices for power consumed at more favorable load times. Peco doesn't do this. You're either subsidizing the entire utility for 15hours per day in the summer and 19.5 hours a day in the remaining 9 months since the only other option is to use interruptible service. The customer must pay for the installation of a dual meter pan and a dedicated load panel. The meter has a radio controlled sandwich solenoid that cuts power (at their option) between 4pm - 7:45pm during the 9month period and 1pm-9pm during the summer. This is where they can put that demand on the grid. Hence, those who don't elect to allow themselves to be taken off the service are paying twice the cost 24/7/365.
This is an exceptional way to configure a WIN:WIN situation at the consumer's expense. Cable companies, phone companies, and other utilities aren't called honeybuckets for no good reason. Peco has just refined the art of Hollywood accounting and PUC manipulation. Every attempt to make them "play fair" has been circumvented with unfailing success.
My borough wanted cheaper power for their water plant. Peco sent 11 suits to the meeting giving them advice on how to save electricity. MetEd offered such a discount that it made sense to run $400k of lines to MetEd's distribution. MetEd rebated $50k a year as long as the borough bought from them. The thing was, MetEd, due to the regulations in place at the time, wasn't actually producing the power due to having to buy it at or below their avoided costs ...which meant that PECO was providing the power that they resold to our borough at a discount.
Poorly run? Shrewd and convoluted with a pompous arrogance, if you ask me. Robbing in plain sight and rationally justifying it ..and having so much engineered "fog" that the PUC signs off on it.