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URL:  http://boards.fool.com/ltltso-con-ed-had-to-point-out-very-30914903.aspx

Subject:  Re: A new breed of debt collector. Date:  10/9/2013  8:21 PM
Author:  SeattlePioneer Number:  307307 of 308478

<<So Con Ed had to point out, very carefully, that given that kind of law, there would be a lot of people who would never pay the bill. They have a kid, the power would never be cut, they could spend their money on other stuff. If you have enough people like that, the utility would be running at a huge deficit. So eventually, once it was shown that Con Ed really did have a program in place to give people options about getting the bill paid, everyone simmered down and turned their attention to the parents who were so out of it they allowed their kids to freeze, and why hadn't children's services been on the case.

But that proposed law, without the recognition of trouble looming that everyone else saw, has been my gold standard for dumb actions taken by politicians.

Nancy >>



Of course the result of laws like this is higher rates as unpaid bills are added to the costs rate payers must pay.


But heck, rate payers have lots of money, right?



Seattle Pioneer
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