Should power generators give us some $$$ back?

Nick Stone

Golden Member
Oct 14, 1999
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Suppose you bought a new CPU or video card from Intel or Nvidia.
Suppose you were happy with the price at the time and appreciated getting a working product on time.
Now suppose you later learn that Intel or Nvidia made "Excess" profits.
Now you want the federal government to step in and demand a refund on your behalf?
Is this different than what we are talking about here?
 

LemonHead

Golden Member
Oct 28, 1999
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Suppose you bought a new CPU or video card from Intel or Nvidia.
Suppose you were happy with the price at the time and appreciated getting a working product on time.
Now suppose you later learn that Intel or Nvidia made "Excess" profits.
Now you want the federal government to step in and demand a refund on your behalf?
Is this different than what we are talking about here?


Suppose you were living in a town with only 1 grocery store and you had absolutely no other place to buy your food. Suppose that store marked up all of their items by 1000%?

Sorry Nick, but your video card analogy doesn't fly. I can always choose to buy another card from somewhere else. I can also choose not to have a video card. Kind of hard to do that with electricity in this day and age.
 

Nick Stone

Golden Member
Oct 14, 1999
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Suppose you were living in a town with only 1 grocery store and you had absolutely no other place to buy your food. Suppose that store marked up all of their items by 1000%?

Is that how it is in some states? They only have one place to buy their energy?
 

LemonHead

Golden Member
Oct 28, 1999
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Is that how it is in some states? They only have one place to buy their energy?

What choices do we have? Almost all (if not all) of the powergenerators are playing the overprice game. Where else can California buy power without getting screwed?

I'm not saying that CA is the total victim. CA screwed itself when it allowed deregulation to happen. (although I don't know what choice it had) However, the powergenerators are clearly taking *huge* advantage of the fact that CA has no *REAL* choice in where to get it's power.
 

Raspewtin

Diamond Member
Nov 16, 1999
3,634
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<< Should power generators give us some $$$ back? >>



It will never happen so what's the point of even debating it?
 

LemonHead

Golden Member
Oct 28, 1999
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It will never happen so what's the point of even debating it?


Just looking for other peoples thoughs on the subject. :)
 

Tauren

Diamond Member
Jan 30, 2001
3,880
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NO. They are supplying YOU with a service. If you don't like it start your own company and offer cheaper service. Otherwise, get used to it.
 

pulse8

Lifer
May 3, 2000
20,860
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<< Where else can California buy power without getting screwed? >>



I have LA DWP and my power prices are very low. I've heard of other people with Edison who pay a WHOLE lot more than I do per KWH.
 

LemonHead

Golden Member
Oct 28, 1999
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I have LA DWP and my power prices are very low. I've heard of other people with Edison who pay a WHOLE lot more than I do per KWH.

Yeah, that is one area in CA where the people of LA really got lucky. Wish the LADWP could supply all of CA.
 

OrByte

Diamond Member
Jul 21, 2000
9,303
144
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IF the power companies give back in terms of a refund the State of California will be getting most of that money. Not the individual ratepayers. Because the State is the one that paid up for electricity while the power companies claimed they had no money to. What a big mess eh?
 

Nick Stone

Golden Member
Oct 14, 1999
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Suppose I have something that you need.
Suppose you agree to buy my product at an agreed upon price and the transaction is completed.
Later you come back to me and point out that you are a big, powerfull, political force with friends in high (and low) places and demand that the price be reduced to my cost, or else -- .
Is that what you mean?
 

Cyberian

Diamond Member
Jun 17, 2000
9,999
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<< Is that how it is in some states? They only have one place to buy their energy? >>



Yup!!
I have a grand total of one electric company to choose from.
LIPA/LILCO which is/was one of the two or three highest priced in the country.
 

Red Dawn

Elite Member
Jun 4, 2001
57,529
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Suppose there was a flood where you live and all the drinking water was contaminated and I had the only store that sold Bottled drinking water. Now because there is a great demand for drinking water I marked it up 10000%. Instead of paying $1.00 a bottle I charged $100.00 a bottle. Should the Government step 9in and make me refund those I ripped off for drinking water?
 

Red Dawn

Elite Member
Jun 4, 2001
57,529
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Suppose there was a flood where you live and all the drinking water was contaminated and I had the only store that sold Bottled drinking water. Now because there is a great demand for drinking water I marked it up 10000%. Instead of paying $1.00 a bottle I charged $100.00 a bottle. Should the Government step 9in and make me refund those I ripped off for drinking water?
 

Raspewtin

Diamond Member
Nov 16, 1999
3,634
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<< Should the Government step 9in and make me refund those I ripped off for drinking water? >>



It depends how much you paid the govt to look the other way ;)
 

Nick Stone

Golden Member
Oct 14, 1999
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Red Dawn
Depends --
Suppose the store owner had only 10 bottles of water and a rich person bought them all for $100 a piece (pocket change to him) and this rich person saw no reason to share? There are many ways this story could twist and turn but I don't think we are getting anywhere.
I think there are many movie plotts concerning shortages and selfishness and all the moral issues involved.
I'll repeat my main premise. Should those who have less power, be forced to sell their products to those who have more power, at cost?
 

Tauren

Diamond Member
Jan 30, 2001
3,880
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Nick Stone - You appear VERY immature thorugh your ideals. Life isn't fair and it shouldn't be.
 

pidge

Banned
Oct 10, 1999
1,519
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Governor Davis is as idiot or he is just doing this to gain political points. He should take some economy classes. The problem is that we do not have enough power generators. Blame Pete Wilson for deregulation. Blame the environmental wackos. Blame Davis. It doesn't matter. The fact remains that it is California's fault. What Governor Davis needs to do is encourage more power plants to be built in California and find ways to speed up the process and help to make sure any red tape issues move along quickly. By capping the price of electricity or requiring the companies to give customers rebates, it will only increase demand which won't resolve the supply issue. Anyone remember the supply shortage of gas in the 80's? What did government due in that case? They capped gas prices. Then we had those horrible days where you could only get gas on odd days or had to wait in line for hours. Price capping does not work. You are only encouraging new companies to not build plants in California, to move somewhere else. We have not had to worry about black outs so much lately here in California. With the price caps, that is about to change. I am sure not gonna vote for Davis for re-election.
 

OrByte

Diamond Member
Jul 21, 2000
9,303
144
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Pidge- trust me, here in Sacramento all the red tape that can be cut is being cut in order to get new plants on line. It is THE focal point of ALL State Agencies. That is something that Grey Davis did do right. And I think it is only fair that we do look back as to how this mess all started and figure out who is to blame, so that no other state in the US makes the same mistakes that California did. Davis has never blamed the federal goverment for this crisis, what Davis has blamed the federal governement (BUSH included which IS a strictly politcal manuver) is failing to uphold laws which restrict price gouging AND failing to get involved in legal investigations as to how energy companies manipulate the market (If there is any Market manipulation at all.) A recent ruling in SF found there to be no evidence of that........ so we are in for a very long investigation process.
 

Nick Stone

Golden Member
Oct 14, 1999
1,033
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Tauren
Hmm -- Immaturity. I like to think that my comments are thought provoking -- without needlessly provoking my felow debaters. I'm quite capable of plainly stating my views but I would rather lead a discussion with a quizical tone.
 

amdskip

Lifer
Jan 6, 2001
22,530
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No because my dad works at the Quad Cities Nuclear Generating Station. He helps support some of my computer habits;)