Seeking out competitors could be a power move aimed at getting a better deal out of the current negotiations with ComEd, which have been underway for more than a year. Or, it could result in a smaller competitor taking on just part of Chicago’s energy needs, such as electric charging stations.
ComEd is a pseudo public agency already. Its “competitors” are straw dogs, speculators who “buy electricity” to resell to customers without any power-generation resources themselves. ComEd costs are so high because Illinois, Cook County, and municipal Chicago corruption-related transactional costs are so high. Costs of bribes, sweetheart deals, ghost payrollers, and other political favors are passed-on to ComEd’s customers. No ComEd executive has been convicted of their crimes, nor ordered to pay restitution to ComEd customers. Cheaper electrical costs require ComEd to run its business operation like a public-traded corporation: political donations, yes, but within reason, and ultimately accountable to… Read more »
debtsor
5 years ago
Do it, Chicago. Nationalize it, force everyone to buy city electricity. The Feds will use it as a vehicle to put alderman and city officials in jail.
ComEd is a pseudo public agency already. Its “competitors” are straw dogs, speculators who “buy electricity” to resell to customers without any power-generation resources themselves. ComEd costs are so high because Illinois, Cook County, and municipal Chicago corruption-related transactional costs are so high. Costs of bribes, sweetheart deals, ghost payrollers, and other political favors are passed-on to ComEd’s customers. No ComEd executive has been convicted of their crimes, nor ordered to pay restitution to ComEd customers. Cheaper electrical costs require ComEd to run its business operation like a public-traded corporation: political donations, yes, but within reason, and ultimately accountable to… Read more »
Do it, Chicago. Nationalize it, force everyone to buy city electricity. The Feds will use it as a vehicle to put alderman and city officials in jail.