Random Roger's Big Picture: Utilities:
Roger has noted that utilities are moving up in the face of rising short rates. The following is the comment that I posted on his site.
"The utilities are up because the bill working its way through congress will end a number antiquated utility laws. Laws were passed during the great depression that prohibit banks, energy and other companies from owning utilities. There were also laws that stifle competition. Large, efficient utilities have not been allowed to expand into other regions. The repeal of these laws will lower utility rates and result in the take over of smaller less efficient companies. Warren Buffett has already gotten into the act.
One of the other big changes will be time of day rates. All consumers will get a break if they use electricity at off peak hours such as through-out the night. Given the opportunity to pay 5 cents during the night and 8 cents during the peak hours, many consumers and businesses will store electricity in batteries and fuel cells at the low rates and release it during the high rates. They will also avoid energy use activities during the afternoon--reducing the peak capacity needed. Some businesses will make money by selling electricity at peak rates. Our dependency on foreign oil will be reduced as large 24/7 power plants use coal or nuclear fuel. Peak time plants use diesel fuel or gas. Big changes afoot!"
MANY FOLKS DO NOT REALIZE THAT MEDICAL SAVINGS ACCOUNTS ARE SOLVING THE HEATH CARE PROBLEM AND THE CHANGES TO UTILITY LAWS WILL SOLVE THE ENERGY CRISIS.
BUY THE BULL!
Roger has noted that utilities are moving up in the face of rising short rates. The following is the comment that I posted on his site."The utilities are up because the bill working its way through congress will end a number antiquated utility laws. Laws were passed during the great depression that prohibit banks, energy and other companies from owning utilities. There were also laws that stifle competition. Large, efficient utilities have not been allowed to expand into other regions. The repeal of these laws will lower utility rates and result in the take over of smaller less efficient companies. Warren Buffett has already gotten into the act.
One of the other big changes will be time of day rates. All consumers will get a break if they use electricity at off peak hours such as through-out the night. Given the opportunity to pay 5 cents during the night and 8 cents during the peak hours, many consumers and businesses will store electricity in batteries and fuel cells at the low rates and release it during the high rates. They will also avoid energy use activities during the afternoon--reducing the peak capacity needed. Some businesses will make money by selling electricity at peak rates. Our dependency on foreign oil will be reduced as large 24/7 power plants use coal or nuclear fuel. Peak time plants use diesel fuel or gas. Big changes afoot!"MANY FOLKS DO NOT REALIZE THAT MEDICAL SAVINGS ACCOUNTS ARE SOLVING THE HEATH CARE PROBLEM AND THE CHANGES TO UTILITY LAWS WILL SOLVE THE ENERGY CRISIS.
BUY THE BULL!
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