"When he joined Chase Bank, I thought Mr. Bezos wanted to solve the healthcare problem." -- D. Cobble
The following news executives / groups have been formally notified of this letter and its legal issues:
Rick Howlett, News Director
WFPL Public Radio
Ann Gibson, Chief News Editor
Genie Garner, News Director
Cary Stemly, Chief News Editor
Lee Eldridge, News Director
Michael Neelly, News Director
Bennie Ivory, Chief News Editor
Barry Fulmur, News Director
WDRB Fox-41 News
Yvonne Bach, News Editor
The Louisville Defender
Letter-of-Request to Withdraw LG& E's Rate-hike Proposals (8/28/08)
A Case Study of the Inflation Trap
This letter assesses many of the issues that some of you have instinctively expressed to me. We then only needed someone to take the time to write-up these issues in a legally technical format, but hopefully in plain language for lay people to understand. So, I volunteered for that job.
I believe the reason that the KY Public Service Commission (PSC) has not yet decided on the natural gas rate-hike for Fall '08 is because PSC knows in their hearts that it's not justified. And though they have more time to consider the proposal for the hike on electricity (Spring '09), the letter below shows that PSC can only legally come to the same conclusion: not justified. -- This inflation trap (re: the natural gas proposal), of course, is relevant to all Americans (and Europeans, Asians, Africans, etc.), because it works the same everywhere. The letter also explains how the inflation trap is easily undone, though it requires confronting our governmental officials.
To fully understand the legal issue on rate-hikes for natural gas, I highly recommend that you first read the single-page practical example of hyper-inflation. It shows how very simple inflation really is, but people have trouble "putting their heads around inflation" due to the billions of dollars involved across the economy. And so, this scaled-down example of inflation will help you to see the situation with LG& E much more clearly.
A print version of the letter can be printed-out for easier reading. If you live in Kentuckiana, don't forget to send-in your Petition to Chairman Armstrong to urge PSC to deny LG&E's proposals. The Petition also asks if you favor converting to a power / energy cooperative.
-- Daniel Cobble
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