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:



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