Does Delmarva Present An Undesclosed Financial Risk to Investors?

You may not like Hillary Clinton……perhaps her negatives are too high for you……but regardless of what you think of her personality and politics, she comes from New York. And that makes her something…………

You may think I came to praise her, but I am really going in the opposite direction and praising New York. What gives Hillary her credibility, is that some of the greatest people on earth chose her to be their Senator……

There is something different about New York. Not just the city, but the entire state has a distinctive unique characteristic. I guess it stems from the fact that no one, no one intimidates them. They don’t prance around Celia-like to politicians; they hold them accountable. Either the politician performs, or “he’s outta there.” ( The fact that a majority of them ‘dis Giuliani, speaks highly of them also. )

Today I got this snippet of news from the paper of a tiny little town near Minot…….It was an AP announcement that was deemed irrelevant every where but North Dakota……. It was an “A ha” moment, because it provides a solution that may have some bearing on Delmarva’s recalcitrance to “play ball by the rules.”

New York Attorney General Andrew Cuomo is investigating five major energy companies to determine if plans to create coal-fired power plants present an undisclosed financial risk to investors.

There are so many parallels to our situation. First both of our Attorney Generals are sons of famous political fathers. Second, if creating coal fired power plants presents an undisclosed financial risk to investors, what does that say about Delmarva, who is spurning Blue Water Wind, a triple A+ investment, for continuing to receive power from coal fired power plants, a triple F- investment?…….

Obviously New York is staging an “strong offense” as their primary “defense” to open the Long Island Sound Wind Farm. Should they succeed and open their wind farm before Delmarva allows us to open ours, we might as well turn all positive financial growth opportunities for this state, over to them………..

What is ironical is that their AG is suing the “old school” of power generation for the same reason Delmarva is suing to stop the “new school” of power generation.

As I mentioned in a comment over on Tommywonk, one option we have is for our AG to sue Delmarva Power for presenting an undisclosed risk to the people of Delaware by their not allowing us a healthy, environmentally friendly, and far cheaper electricity than we pay already……But ideally, taking the investors side of the equation would be much cleaner, easier to prosecute, and based on evidence found in Delawares blogs, and all over the internet, ….”a slam dunk.”

As I pointed out before, Delmarva bases their cost on figures consumers were paying BEFORE THE 60% RATE HIKES TOOK EFFECT IN MAY 2006. (All their calculations use 2005 numbers). They use these outdated cheap numbers to make their case that Delaware consumers will pay more if they go with Blue Water Wind.

Therefore they are misleading their investors. I am not a legal expert, but I believe there are laws against that? Duh! That should put them squarely in the same boat as Enron. And we know what happened to those cronies……….

Delaware needs to pursue the same strategy as New York. Why should they get all the glory. After all, compare their two AG’s! Only one has a father who has run for the Presidency…….. twice.