Play it safe, support PUD

It’s way too risky to keep Puget Sound Energy around on Whidbey Island. The company is in such poor financial shape it has to sell itself to the Australian company Macquarie.

How could PSE, a corporate monopoly with guaranteed profits in the 10 percent range, manage to get itself into that situation in the first place? Could it be mismanagement similar to practices that have brought recent collapse to major corporations around the country? Two things are certain, PSE puts shareholders and corporate executives first, and electricity ratepayers will continue to pay. Once the sale is done and Macquarie takes over, they will have us (ratepayers) pay for the premium sales price. I doubt they really care how high the price is because they’ll be able to recoup costs by raising our electricity rates.

And now that the company is worried about the loss of Whidbey Island from their service territory, they’re spending a great deal of money to convince us to keep them here. Never mind the amount, we the ratepayers will cover all expenses.

There’s another potentially huge risk staying with PSE: The implications of NAFTA/GATS allowing foreign investor rights that trump our regulatory agency, the Utilities and Transportation Commission. That could translate to very large rate hikes for us.

PSE tells us it’s too risky to form a PUD here. I say it’s too risky to keep PSE on our island.

Bob Kuehn


More in Letters to the Editor

Letter: Island needs, deserves quality local health care

Editor, I will be voting yes for the hospital district levy increase… Continue reading

Letter: Proposition is crucial to maintain WhidbeyHealth

Editor, Hospitals are as important to a community as other major services… Continue reading

Letter: Hoffmire presents brighter, newer vision for city

Editor, We live outside the Oak Harbor city limits, so we can’t… Continue reading

Letter: Coupeville school challengers have partisan agenda

Editor, Ward Sparacio, a candidate for Coupeville School Board, says in his… Continue reading

Letter: Diamond, Mann understand complex job

Editor, I’m writing in support of Erik Mann and John Diamond for… Continue reading

Letter: School challengers embrace a dangerous fallacy

Editor, In following the local school board election, I was particularly struck… Continue reading

Letter: Our hospital deserves the full support of voters

Editor, I urge everyone of voting age with a pulse to vote… Continue reading

Letter: Hospital proposition crucial for health of community

Editor, Hospitals are as important to a community as other major services… Continue reading

Letter: Write in Fleming for Langley council

Editor, Write in Gail Fleming for Langley City Council, Position 5. We… Continue reading

Most Read