General Assembly Quietly Cooking Up Last-Minute New Electric Taxes
April 30th, 2010 admin
The undersigned energy providing companies, who employ more than 3,400 employees in Connecticut are writing to urge members to vote against LCO 4558. This comprehensive energy bill has only just been made available to the public for reaction. It is far reaching legislation and contains numerous provisions which were never the subject of any public
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Ct Governor M. Jodi Rell today vetoed energy legislation, crafted and passed in the final days of the session, citing “deep concerns that the measure would raise utility rates for consumers, not reduce them as bill sponsors claim.” The Governor said Bill 493, An Act Reducing Electricity Costs and Promoting Renewable Energy, “is not...
Legislation to roll back competition for electricity suppliers was opposed by several spokespersons for companies who provide electric alternatives to Connecticut residents. The following testimony was provided to members of the General Assembly’s Energy and Technology Committee by Jay Kooper, president of the Retail Energy Supply Association:...
The Connecticut House of Representatives has passed the controversial Energy bill which could have dramatic impact on our electric bills. By a vote of 81-40, the House followed the Senate in adopting the last-minute legislation that has not even had a public hearing. Gov. M. Jody Rell, who has not said whether she would sign the legislation,
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ATTORNEY GENERAL PRAISES PASSAGE OF SWEEPING ELECTRICITY REFORM BILL INTENDED TO LOWER PRICES, ENCOURAGE CONSERVATION AND ALTERNATIVE ENERGY Attorney General Richard Blumenthal today praised passage of sweeping legislation seeking to lower electricity prices, encourage conservation and jumpstart clean, alternative energy. Blumenthal has fought since...
Governor Rell and legislative leaders this week visited Pegasus Manufacturing in Middletown one of the few manufacturing companies left in Connecticut to sign a comprehensive jobs bill designed to spark small business growth and to give hope to the unemployed. The governor smiled as she signed the bipartisan bill during a ceremony at Pegasus, which...
Connecticut Attorney General Richard Blumenthal is asking state regulators to investigate Positive Energy, an independent electricity seller, for “allegedly falsifying its state license application and delaying and diverting contracts, potentially costing customers hundreds of thousands of dollars or more in lost discounts.” Positive...
Testimony of Lance Johnson, AARP Volunteer on H.B. 5505, An Act Concerning Electric Rate Relief Energy & Technology Committee March 16, 2010 Chairman Fonfara, Chairwoman Nardello, members of the Energy and Technology Committee, thank you for the opportunity to testify on H.B. 5505. My name is Lance Johnson and I am an AARP volunteer advocate...
The CARD Act is now in place and providing important protections for credit cardholders. Consumers are saving millions of dollars through some of these provisions, such as the elimination of over the limit fees and the restrictions on interest rate hikes during the first year of an account. Credit card companies have had to find
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Faced with growing complaints against the dozens of independent firms that are selling electricity in Connecticut, state utility regulators this week said they would not license new aggregators or suppliers until a full review is conducted of the conduct of those already operating. The freeze comes as attention is focused on Positive Energy Electric...
Before our elected officials in Washington raise our taxes, maybe they should read Jesse Drucker’s Bloomberg News article today on how companies send profits made in the U.S. overseas to avoid an estimated $60 billion in annual taxes. Its a technique called transfer pricing and is explained in the story. “Transfer pricing lets companies...
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