tag:blogger.com,1999:blog-30412896.post8826994361333465941..comments2024-01-05T02:53:03.358-06:00Comments on American Zombie: The TP continues to block for EntergyJason Brad Berryhttp://www.blogger.com/profile/18421813599753848735noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-30412896.post-91464631736741703912007-09-15T09:58:00.000-05:002007-09-15T09:58:00.000-05:00Matter, That is exactly what the investigation bei...Matter, <BR/><BR/>That is exactly what the investigation being opened by Midura's Utility Committee is suggesting. Those are the questions being posed. Big Entergy should be able to back up ENO with their credit rating and guarantee any loans or purchases on the open market. As Entergy likes to remind us, they are our only Fortune 500 company. So on one hand, we should be grateful that such a big and powerful company chooses to remain in New Orleans and support the local economy, yet on the other hand they are too weak to do anything to help ENO lower rates for New Orleans consumers.slhttps://www.blogger.com/profile/05332283455380010094noreply@blogger.comtag:blogger.com,1999:blog-30412896.post-48288512605760937942007-09-14T22:33:00.000-05:002007-09-14T22:33:00.000-05:00hey man, this is "anonymous said..." - you blogged...hey man, this is "anonymous said..." - you blogged my earlier Entergy comment.<BR/><BR/>I think you are on the right track with this Entergy stuff, there is plenty of shady dealing going on.<BR/><BR/>But let me point out some things in the linked article that can put you on more of a bloodhound kind of trail. You with me?<BR/><BR/>Check this part in particular:<BR/><BR/>"When Entergy New Orleans declared bankruptcy, many suppliers of electricity didn't want to do business with the company, leaving it with fewer cheap resources for power."<BR/><BR/>and<BR/><BR/>"some companies are still hesitant to do business with the utility because of its recent bankrupt status."<BR/><BR/>These comments suggest some Enron-style power scam games. Entergy generates power, but they can also buy power on the open market. But the obvious question here, is why can't Entergy's corporate parent guarantee its wholesale purchases? <BR/><BR/>How about Entergy's other divisions? Couldn't they sell some power within the company?<BR/><BR/>Entergy's holding company was able to use its "separate company" status to basically sever responsibility. This is all about maintaining their profits in all other divisions. Keeping the quarterly numbers up for Wall Street.<BR/><BR/>Follow the money. The way that power is bought and sold on the wholesale market is a big part of it. The Michoud plant should be run on standby.<BR/><BR/>Now, to be fair, I may be wrong on some of the specifics. But the whole issue of wholesale power, availability of wholesale power vs. artificial shortages, (see: Enron California power scam) and so on. Look at the corporate structure of Entergy.<BR/><BR/>Want to see something real funny? Get a copy of their annual report, then try and find out how much they paid in taxes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30412896.post-16897315424673603232007-09-14T12:49:00.000-05:002007-09-14T12:49:00.000-05:00Do you find it as bizarre as I do that the New Orl...Do you find it as bizarre as I do that the New Orleans businessman Larry Flynt, dba The Hustler Club, 225 Bourbon Street, seems more devoted to cleaning up corruption in Louisiana than the Times Picayune does? Flynt obviously employs much better investigative journalists than the Picayune.Anonymousnoreply@blogger.com