Monday, May 18, 2015

NIPSCO:Not only Greedy, but Consistently Anti-Environmental

On the surface NIPSCO doesn't seem to be bad about Renewables, as long as someone else does them:
https://www.nipsco.com/our-services/renewable-energy-projects
they offer net metering or feed in tariff or co-generation. From all I can tell, it's not a bad approach to people's decentralized electric generation.
However, it's with the big boys that NIPSCO constantly is greedy or just short sighted. They appear to be investing 250 million dollars in scrubbers for their Coal plant in Michigan City.
http://en.wikipedia.org/wiki/Michigan_City_Generating_Station
http://www.sourcewatch.org/index.php/Michigan_City_Generating_Station
why not just use that money to make a natural gas plant, or buy renewable energy sources.. I am guessing the money came from some federal grant and they are deep in the hog trough..
There is no doubt something needed to be done, since the plant was judged the 11th worst plant in the country for overall pollution out of 1200 plants in 2006 by the Environmental Integrity Project.. you got that right... #11 out of 1200. I wonder if this has anything to do with Lake Michigan having so many environmental problems.. but anyhow, moving on, why not spend that quarter billion dollars transitioning to a cleaner form of energy. Well, supposedly NIPSCO does get credit for making a very clean Natural Gas Plant near Terre Haute, Sugar creek,
http://www.ccj-online.com/nipsco-sugar-creek-generating-station/
 but on the scale of Awful to just sort of crappy, Natural Gas is crappy compared to Coal being awful... it's not 'good' like wind power.. especially when the ice caps are melting and you are creating a natural gas plant that might not create a lot of other particulates and cancer and acid rain and toxic fish causing horrible stuff, but still creates almost as much CO2 as Coal.
http://www.narucmeetings.org/Presentations/HADLEY%20LA%20Clean%20Coal.pdf
what is absurd is that NIPSCO pays less than half a billion for Sugar Creek in today's dollars, $330,000,000 in 2008,  which produces as much power as Michigan City and likely more efficiently and definitely less destructively, so why spend 250 on scrubbers for some derelict plant in Michigan City which looks ugly and spills toxic clouds into Lake Michigan and downstream no matter how much you spend on scrubbers?
 So what does NIPSCO do when someone moves in and tries to sell them clean wind energy, tries to go all in and sidestep these problems almost completely?:
http://www.rtoinsider.com/nipsco-ferc-wind-farms-12411/
Rip them off, of course!
I once asked a really good business lawyer, and he told ms flat out that Fiduciary Responsibility has nothing to do with screwing people, and if NIPSCO wants to make excuses for it's greed, there aren't many when people are starting to suffer from global warming with droughts and food shortages while they try to siphon cash out of windmill installers. What a bunch of creeps!

Friday, April 24, 2015

NIPSCO overreaches and get's it's hand slapped

OK, so for some reason while the rest of the world works to fight global warming by changing production methods, NIPSCO went on a spring cleaning binge to "improve it's infrastructure". Now I am not in a position to say whether this is the right move for them or not when 4 of their 5 plants are coal fired, but I do know that the state court of appeals has ruled that the State Utility Monitoring board has allowed them to overcharge by a small rate increase in a way that was a potential abuse of this "infrastructure upgrade". They allegedly double dipped a few times, and a few of their larger customers caught on.
Why not do the job better and create savings instead of forcing the price up and potentially cheating your customers, NIPSCO?
http://chestertontribune.com/Business/court_ruling_quashes_part_of_nip.htm
I am still waiting for people to send me stories they might have about bad experiences with NIPSCO!
NIPSCOsucks@gmail.com
NiSource CEO Robert Skaggs & NIPSCO CEO Jimmy Staton.. both got raises as NIPSCO pled poverty to raise rates


oh by the way, NiSource's CEO, NIPSCO's parent company, got a 400k raise to his close to 8 million in compensation on the way out the door for who knows what.. who am I to say he didn't earn it while Indiana remains one of the highest per capita coal burning states in the union.
http://www.nwitimes.com/business/local/nisource-ceo-reaps-pay-hike-before-exit/article_a93d870d-e06e-55ef-ba8a-dcd220edacfe.html
http://www.nwitimes.com/business/local/nipsco-chief-gets-percent-pay-boost/article_7f363a34-953f-59f5-b036-c2f27354d13d.html
In a recent interview, he bragged that what he had accomplished was to run natural gas lines to new natural gas production fields where fracking is the big controversy in eastern Ohio, Western New York, Pennsylvania and northern West Virginia. We'll give him that Natural Gas is only half as crappy as Coal, but this means that northern Indiana is now benefiting from 1950's technology instead of turn of the last century technology.. way to go, Robert Skaggs Jr... here is your compensation and happy retirement.. you are  #451 on the Forbes CEO compensation list and you are still 65 years behind the times.
http://www.forbes.com/lists/2012/12/ceo-compensation-12_Robert-C-Skaggs-Jr_3MN7.html
Michiana might have a use for you if you could play Mandolin like ol Ricky Skaggs: