I have old 1944 Harley motorcycle interested hit me pickers all original still runs
I live in West Galcier near where she was hit. A friend of ours was one of the first on the scene to help her. What can we do locally to help her & her family?
"(The OMA, however, does believe in public subsidies as they constantly hassle government for tax relief)."
Got to love this quote. Theft from the public sucks when you are on the losing end of things.
"FirstEnergy CEO Chuck Jones said the FirstEnergy rate request is less than increases in Pennsylvania and West Virginia and added: "
So state sponsored theft from Ohio to the benefit of a small minority of shareholders and FE executives is "ok" and justified because you are stealing less from Ohio than you are from PA or WV?
I want all denizens of the Buckeye state to grab their old electric bills and take a look at them. My electric bills keep rising but my consumption is going down due to gains in efficiency (LED bulbs, better AC etc.). The bill is higher now even with a lower kw-h use because the delivery cost keeps rising. The reason that it keeps rising is because FE goes to the state and requests transmission rate increases to fund transmission asset investments. FE is actually guaranteed a profit with these projects because they borrow at very low interest rates and then can get a state enforced 7%+ rate of return on the investment. Where is the incentive to not keep building when the investments are no longer needed or justified?
Their problem now is that it is hard to justify more upgrades after all the past investments in infrastructure because the grid does not need anymore upgrades. They are now facing the problem of leverage with their generating companies. They have already delayed the steam generator and reactor head replacements at Beaver Valley. They put a lot of money into Davis Besse's new steam generators and reactor head. I would bet the amount of my next power bill that they borrowed large sums of money to pay for these large projects and are now struggling to service these debts. I know they borrowed a lot of money to buy Allegheny. This was the biggest screw up in FE's long history.
Why not turn this around and ask if it would be politically acceptable to bail out other Ohio companies. What if Kroger was caught up in a major problem of their own making and demanded that Ohio pay up or else? What if a large bank Like Key Bank made horrible business decisions and suddenly their loan losses threatened their solvency. Would Ohio be willing to hand them money to pay for their mistakes?
This nonsense of privatized profit and socialized losses are not capitalism. It is more like feudalism. I am not willing to be a serf to them or any company. This is the opinion of a person that is promised a FE pension knowing full well that I may get nothing if FE gets no handouts. The bailouts must stop or they will only get bigger and more destructive with time!
First Energy thought they were smarter than everyone else when they borrowed a lot of money to fund the purchase of Allegheny a few years ago. They made a bet that natural gas would go up in price and that they would make large profits.
Answer this question. If the bet had paid off and FE was raking in massive profits right now, would FE be as eager to give the rate payers of Ohio a break on the rates as they are in pursuing a rate increase to cover their bad bets?
It is also hard for me as a rate payer of Ohio to even consider a rate increase based on the massive compensation packages that the FE executives take home. How is it that some pay packages went up by 50% a few years ago but they could not pay a paltry sum of money to make right a wrong they committed against some union workers at one of FE's plants? The fact that FE agreed that they were in the wrong and then only paid 12 cents for each dollar they owed shows their moral standards. I guess being in a position of power with expensive lawyers against a bunch of blue collar workers is more to your liking. How does it feel when your bully behaviors are met head on by someone more powerful like FERC or the other large companies in Ohio that you want to pay for your mistakes?
Grow up Chuck. Yes I know Tony handed you a plate of crap. Chow down and accept the consequences of the bad decisions made by your predecessor. Why do you insist on Ohio eating the shit sandwich with you? Lets avoid another bailout and moral hazard and let capitalism run its course. With Capitalism, you can't always win and you should especially not expect others to cover you when you lose. With failure comes bad experiences and better judgement. Maybe someone stronger will buy FE out and show you how it is competently run. I think you guys in Akron want to avoid this outcome because you know you would be replaced and be unemployable. Who the hell would hire a bunch of executives that were at the helm when a Fortune 200 company goes under?
How about this solution. Why not make the state of Ohio a 50.0% owner of FE by you guys issuing preferred stock to all the citizens of Ohio that can never be sold or transferred without a special election requiring 66.7% of the vote to approve in the sale or transfer? Suspend the dividend payments until ALL debts are retired. The State Government Representatives could represent Ohio for the shareholder elections. With this solution, Ohio can actually benefit from rendering FE aid and receive dividend payments streams for the state budget in the future when times get better.
Nice reporting there, Vince. Douchebag.
This man has done more for social injustice that you will ever do in your entire liberal life. He's positive impact in the community outweighs the mistakes he made in his personal life 30-50 years ago. If it is just "alleged," maybe you should not bring it up at a time like this. Football aside, you have no chance of making he difference that Jim brown has made in the community. Do some research before writing something like this.
If Joe Thomas is dealt, a new QB may be needed for each quarter of the remaining games. The top-tier QB's for the 2017 draft better have serious talks with their agents concerning an Eli Manning stance with the Browns, since their "franchise" careers could be battered inside FirstEnergy Stadium before it has a fair chance to launch.
He helped win a Super Bowl in 1694...
There are fans who attend more games at the ballpark than Paul Hoynes.....but his gig is now part-time due to the PD bean counters. On Sunday - though - Trevor Bauer tried real hard to make the hot take a reality.
Love thrice. Didn't know they were back together.
The personal and professional struggles of Davone Bess are profiled in "Pass Interference" -- director Branson Wright and editor Joddy Eric Matthews tackle head-on the "taboo" subject of a player with mental illness inside a locker room and the next-man-up culture of the pro sports business. Perhaps more serious discussion on the subject will bring out of the shadows the tragic story of Tony Horton.....whose once bright MLB career with the Cleveland Indians ended with his attempted suicide in August 1970 at the Bluegrass Hotel.
@Kleaveland were you there? By "standing in the high speed lane", do you mean "standing in the left shoulder that's almost 30' wide"?
Drugs or no drugs, The trooper was standing in the high speed lane away from his vehicle physically pointing out cars to pull over, in peak rush hour.. He told someone to pull over, they slammed on their brakes and the dude on drugs swerves to the left to avoid an accident, but instead of an empty high speed emergency lane, he ends up bulls-eying the super trooper.
No one is clean in this one.
I love Book of Love. I haven't listened to them in a while, so this article inspires me to break out the record.
Yea MS is stupid rough... but this problem is caused by the trim brake they put on the downside of the lift hill... this was necessary due to the train was tearing the track up over time. Some days you would get lucky and the trims would be off and as long as you where n the front half you could tell the difference. I think we are pretty safe in saying it will be rmc'd
I also see they edited the article and removed the part saying it was the longest.. a footnote denoting the edit is usually thr correct way to do this
Just another sad day for the clowns. Art modell did far more for team and city
This is a very sad day for Cleveland. The Spider is a great and very unique bar and live music venue. There is no other bar like it in Cleveland or anywhere else that I’ve travelled to. Martin was a fantastic person and has been missed, but Jenna has been doing a fantastic job. I have listened to great music and discussed everything from science to religion to politics with complete strangers there. I stopped in tonight and it was a bit sombre, but everyone was reminiscing about all their great memories. I will be back Sunday for one last time and will have a deep void inside me with the loss of this institution. The Spider had a fantastic 30 year run and Cleveland should very thankful.
@Rr, Case owns the building and the Spider leases it from them. Sadly, I expect a parking lot in that space within the next couple years.
The prosecutorial batting average for Tim McGinty is well below MLB's Mendoza Line. He should stick to making childish quips about the Howard Stern Show.
They pay for the soapbox derby (???)
They pay taxes (as all road using, highly educated, public safety needing utilities SHOULD)
First Energy is 11% dependent on solar/wind/hydro. Can they at least agree on another 11% in a couple years? Replace unprofitable toxic coal plants?
Flashover from untrimmed trees in Ohio were the source of 2003 North American blackout. Are the lines being maintained?
The nuclear containment vessel at First Energy's Davis Besse nuclear power plant was repaired due to a football-sized hole back then. Does the Board have Washington D.C. lobbyists working to fund next-generation, safer, nuclear facilities?
If they're threatening to can hundreds of workers, is anyone on the board getting fired?
September 28- 4, 2016
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