Sunday, February 17, 2008 12:27 AM CST
Our View: Pay more, says Ameren, for your own good
By the JG/T-C Editorial board editorial@jg-tc.com
Perhaps many Ameren customers in Illinois have wanted honesty from the company regarding its rate hikes, but, as the saying goes, be careful what you wish for.
At least, “honest” is a polite way to describe the comment of Craig Nelson, Ameren’s vice president of regulatory affairs and financial services, during a Monday meeting to gather information for the Illinois Commerce Commission. That panel will give a thumbs-up or a thumbs-down to Ameren’s latest request for a rate increase.
Nelson said: “We carefully weighed our options before filing these rate cases. We truly think it’s in the best interest of our customers to have this increase.”
Gosh, that’s thoughtful.
Utility customers probably appreciate Ameren considering their “best interest,” which to this gluttonous utility company means a rise in prices that will bring it $247 million in additional revenue. Ameren wants to charge consumers more for delivering electricity and gas, and that’s the portion of utility bills where they make their profit.
Some customers may even admire Nelson for his, um, honesty — when is the last time an official said a company decided it does its customers good to make them pay more?
Oh Ameren, Ameren, Ameren — including AmerenIP, AmerenCIPS and AmerenCILCO — it’s so convenient that what this firm’s leaders see as in the “best interest” of consumers also happens to add profits to the company’s bottom line.
Amazingly enough, concerned area residents at the same meeting didn’t echo Nelson’s warm-and-fuzzy assessment of price hikes. Most of them likely have fresh in their minds the soaring prices from just over a year ago, the Illinois legislature’s months-long struggle to at least appear to help customers, and the ensuing “relief” package that still left many energy users holding the big fat bill.
Fair profits for any company are just common sense. No reasonable person would deny any business the opportunity to make a profit. The key word, yet again, is “fair.” There is little doubt that Ameren’s costs are increasing, but it seems more in line with a spirit of fairness that the company take a little bit of a hit on profits rather than seeking more blood from the turnip, i.e., the consumer.
At the ICC information-gathering meeting, one resident summed up what most Ameren customers must be thinking: Gary Mathias of Macon said, “The only reason they’re asking for a rate increase is because they can.”
A rate hike in the “best interest” of Ameren customers? No, Mr. Nelson, we utility bill payers, after careful consideration, truly think it’s in the best interest of Ameren to back off of these greedy price hikes. In light of the many people having to choose between prescription medicines and paying their electric bill, forced to decide whether to buy groceries or allot money for a gas bill to stay warm during the winter, it is clear that Ameren’s request for a rate increase should be denied.
If the ICC is in any way in touch with reality, it will agree.
— JG/T-C Editorial Board
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out-there wrote on Feb 17, 2008 8:50 AM:
Maybe someone from Ameren would like to let the public know there stants on the whole future gen project.No comment seems alittle suspect.May be the big Ceo's would like to live pay check to pay check with someone's hand constantly in your wallet.
Our pollticain need to pay attention to real problems of our country not special intrest,makes you wonder who's doing more damage to this country Pollicain or terrorist. "