The power of Nova Scotia power
Wednesday, May 28th, 2008Today we learn of the proposed rate increase of 12.1 per cent — that, following a progression of hefty, steady, increases. This one, justified by the familiar, tedious refrain of higher commodity prices and world markets (the same stuff we hear every weekend at the gas pumps by the multi-national oil companies where the big boys play the victim and we pay for it). It reminds me of terrorists that highjack your plane and then complain to you about how they are forced into their actions by vile circumstances and a misunderstanding public.
What particularly irks the power punters of Nova Scotia is the announcement of record $57-million profits for the first quarter alone! A quarter of a billion dollars in profits in one year from a monopoly on the backs of the taxpaying customers of Nova Scotia who want to keep their lights and take a shower, is unpardonable. What is worse is that the Provincial government makes more tax dollars off of the increase!
Nova Scotia Power’s spokeswoman, Margaret Macmillan, no stranger in stepping up to the media plate when it comes to public relations problems for the company, reminds us that when the government gave it over to the private sector a few years ago it also gave up on a $4-billion dollar bill the Province owed.
Meantime, N.S. Liberal leader Steven McNeil said on-air today that the government is not in the power business, it is not what government does. In fact, government frequently screws up such businesses with bloated bureaucracies and top-heavy administrations, he added. But if you can’t run a business I retorted, how can you run a Province?
As it is, Nova Scotia Power is government regulated and their 12 per cent increase request (which translates into about $20 a month per Nova Scotian) is probably higher than they need. A higher number is pitched and they settle for a lower number is how that game is played. And so it goes.
You get what you pay for. And if you listen to Nova Scotia Power, we are lucky.
Since power is a necessity, and Nova Scotia Power is a monopoly, why not cap corporate profits and limit the actual salaries and pay-outs to an over-compensated, corpulent senior staff? Let them become one of us.
Government’s role is to look after essential services. Power is one of them. It should never have been sold off. It should never make a profit. If it does, it should be channeled back into public revenues.
Passing the buck is never popular with the public — because the buck stops here.
And we are power-less.