41–50 of 281 posts
Privatise the profit, socialise the losses.
Interesting does this mean that global warming will cause the insurance crisis in the US?
What happens if they go bankrupt? Does anyone know what plan B) is for people getting their electricity from this company?
Earlier quoted context omitted.
Elon Musk is another Trump in the making. Only difference is Elon Musk is smart enough not to foot gun himself when he actually asserts his power.
He was not born in America so he cannot be a president.
Of course, the idea of amending the Constitution to remove that requirement to clear the path for a particular candidate (not that long ago, Arnold Schwarzenegger was mentioned) has come up before; current restrictions won't necessarily apply indefinitely into the future.
What happens if they go bankrupt? Does anyone know what plan B) is for people getting their electricity from this company?
Earlier quoted context omitted.
I do find it troubling, however, that it’s more often than not used to clear down the ledger of a going concern, and then continue business as usual, same everything, just a new incorporation. You can bet your bottom dollar that they’ll be buying their own assets back on cents on the dollar, reincorporating, putting everyone back in the same positions, and paying some nice fat bonuses out of the capital they’ll be gi…
> You can bet your bottom dollar that they’ll be buying their own assets back on cents on the dollar, reincorporating, putting everyone back in the same positions, and paying some nice fat bonuses out of the capital they’ll be given as part of their dynamic chapter 11 restructure. [citation very much needed]
Earlier quoted context omitted.
Is he against regulation to keep power plants working in winter?
I am for evidence-based regulation, not picking and choosing which regulation is good or bad based on your own broken philosophy, or whether it is good for your business.
Earlier quoted context omitted.
No question about that. The novelty is that a single snow/ice weather event could push a large utility operator into bankruptcy
Or like California is it that deferring costs (winterizing in TX and fire prevention and forest clearing in CA) makes executives look good while kicking problems down the road, maybe even decades down the road. Here in New Zealand the line network operator in the city of Dunedin has underinvested in the city line network, so instead of replacing power poles, they have simply changed the rules so that 2,500+ unservice…
The stadium is owned by the same city owned holding company that owns Aurora(as well as a couple of other companies) - they effectively balance off the money made from Aurora with losses from the stadium - this allows them to avoid taxes on the profits from Aurora (a perfectly legal process).
However - and here's the real problem - Aurora (and the other companies) were not making enough money to cover the loan servicing - the holding company put immense pressure on the various companies to produce more income (profit) Aurora seems to have done it by reducing the amount of money it spent on maintenance .... now they're dealing with the results from years of missed maintenance and are trying to get the people living around Dunedin (and in it) to pay more to effectively cover that money taken out for the stadium.
Really they need to raise ticket prices at the stadium to cover these losses and make the stadium self funding - at the moment we subsidise every rugby ticket from our power bills and from our rates (property taxes)