Friday, January 22, 2010

Insane economic theory

Piedmont Gas asks savers to pay moreProposal went to regulators after lawmakers rejected itBy Anne PaineTHE TENNESSEAN
http://www.piedmontng.com/">Piedmont Gas is seeking approval from the Tennessee Regulatory Authority to allow http://www.tennessean.com/article/20090422/NEWS01/101200003">rate increases when residents use less natural gas, a plan that fell apart in the state legislature last spring.
The utility, formerly known as Nashville Gas, is touting the proposed change as an environmentally friendly move that would give an incentive for the company to promote energy conservation among residential customers because profits would no longer be tied to selling ever-larger quantities of natural gas.
Known as "decoupling," the plan would allow Piedmont to charge varying rates that would go up in compensation for less use. The current rate structure charges customers for what they use, along with across-the-board service fees.
A panel of http://www.state.tn.us/tra/leadership.html">TRA commissioners is scheduled to make a decision on whether to approve Piedmont's request at a http://www.state.tn.us/tra/agendas/2010/01252010.pdf">1 p.m. meeting Monday.

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