Archive for November 2nd, 2009

Exelon CEO bobbleheaded at Senate hearing

November 2, 2009

Meet Exelon CEO John Rowe…

John Rowe is the “Carbon Bandit.”

Wanted Poster Exelon Sketch Final

Here’s his bobblehead…

Rowe Bobblehead 092309

… and here’s the bobblehead being presented to his Rowe at last week’s Senate hearing on Kerry-Boxer:

Rowe gets bobblehead


Will the real John Rowe please stand up… or at least stop rent-seeking?

The Great Light Bulb Robbery

November 2, 2009

The Great Light Bulb Robbery has been called off in Ohio due to consumer outrage.

In early October, Akron, OH-based First Energy planned to force consumers to buy two compact fluorescent lightbulbs for $21.60 — bulbs for which the utility paid only $3.50 each.

The utility then planned to charge consumers $0.60 more per month to make up for lost electricity sales due to the bulbs’ energy efficiency.

But as Akron’s WYTV reported,

After taking a huge public relations hit when it tried to force all its customers to buy energy-efficient light bulbs, First Energy is making a new proposal.

The electric company is now asking the Public Utilities Commission to approve a voluntary program so that those who don’t want or need the mini-florescent lights don’t have to pay for them.

The scam would have netted First Energy $7.6 million — more than the $7 million (in 1963 dollars) netted during the August 1963 Great Train Robbery.

Green is the 21st century term for “stand and deliver.”