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View Full Version : Rate Hike would buy a Company Jet




MelissaWV
09-06-2009, 08:40 AM
Thanks to my parents for tipping me off to this one...

http://www.miamiherald.com/569/story/1220169.html


Florida Power & Light, embroiled in a controversial hearing to raise electric rates, says part of the 30 percent increase would pay for a new $31 million corporate jet to replace a 10-year-old jet in its three-aircraft fleet.

FPL executives hastened to explain that the bill for the new jet would be offset by trading in the old one for $18 million, leaving customers responsible for $13 million of the tab.

A handful of FPL executives are allowed to use the corporate jet for personal use, company officials said. Among them is CEO Armando Olivera, who told regulators that he used the plane for the Tallahassee hearing and often uses the company helicopter to travel between his hometown of Miami and his company's headquarters in Juno Beach.

When asked if he used the company helicopter to get to work, he said, "not all the time, but generally.''


Seriously? You want people to pay more for *power* so that you can ride a helicopter to work and so a few executives can use the corporate jet?

roho76
09-06-2009, 09:05 AM
Sounds like a good time to go off the grid. Every body says "but the cost per Kw isn't worth it" but that is silly because you don't know what they will charge tomorrow. At least going off the grid you'll know what your bills will be for the next 25 years and can guarantee you they will go down instead of up.