[ale] [OT] Ga. Power & the "Flat Rate Plan"

[Brandon Checketts]

> It was
> clear to me from my first read of the terms and conditions that it was
> more to help their budgeting than ours.

Exactly.  Why pay interest to banks and investors when you can borrow from your
customers for free.

Thanks,
Brandon Checketts



Lightner, Jeff wrote:
> Gotta love GP - First they ask for and get a current rate increase for a
> Nuclear plant not yet built.  Then after a couple of months they ask for
> a rate increase for fuel surcharge and then this one...
> 
> I've never used any of the budget plans offered by utilities.  It was
> clear to me from my first read of the terms and conditions that it was
> more to help their budgeting than ours.  If you'd been under for the
> year they'd have sent you a bill to cover the difference but feel no
> need to refund you when you're over.
> 
> -----Original Message-----
> From: ale-bounces at ale.org [mailto:ale-bounces at ale.org] On Behalf Of
> Scott Castaline
> Sent: Tuesday, February 23, 2010 12:11 PM
> To: kilpatms at speakeasy.net; Atlanta Linux Enthusiasts - Yes! We run
> Linux!
> Subject: Re: [ale] [OT] Ga. Power & the "Flat Rate Plan"
> 
> On 02/23/2010 12:05 PM, Sean Kilpatrick wrote:
>> I doubt I am the only member of this list who takes advantage
>> of GA. Power's flat rate plan. Makes budgeting easier.
>>
>> We got a letter yesterday telling us that for the next 12 months
>> our fixed rate will be reduced to $88.07 -- nearly 27% lower than last
>> year.
>>
>> My curiosity piqued by the large drop, I called to find out how much
>> we were over/under for the preceding year.  Turns out we overpaid
>> by nearly $500 and GA. Power won't refund the balance.  Oh, and that
>> new rate of $88.07 is $7.32 MORE than their estimate of the actual
>> cost.  That means I will in 12 months pay them for 13 months of
>> electricity.
>>
>> I am not amused.
>>
>> We will not renew the "Flat Rate Plan" for another year. We can't
> afford
>> the convenience.
>>
>> Wish I knew a good class action lawyer.
>>
>> Sean
>>
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> Interesting that that amount is what GP's fuel charge increase starting 
> on April 01, 2010 is supposed to be. This was just approved by the PSC 
> yesterday.
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