|

EID by the numbers…

EDITOR:

EID’s Jim Abercrombie this week showed charts that water 2012 rates are about to “sky-rocket” another 28 percent for EID’s “medium usage” residential water customer. This additional 28 percent follows rate increases of 18 percent in 2010 and 15 percent in 2011. Another 11 percent rate increase already is targeted for 2013.

Overhead spending is budgeted to leap another $1.2 million following a $10 million increase in the last eight years. EID debt totals a whopping $390 million, up $280 million in the last eight years. Another $60 million of new debt already is being planned that will add another 9 percent to rates.

As a member of EID’s Cost of Services panel, I don’t agree that 35 percent of rates going to pay for debt and 30 percent of rates going to pay for overhead are appropriate costs to foist on ratepayers. Why did EID have to add $9 million of brand new IT projects at the same time it is readying a 28 percent rate increase? Why do EID employees receive $18,500 medical plans and $12,500 pension contributions, and as much as 10 weeks paid time off each year? Why does EID have $137 million of excess capacity, yet plans to add another $8 million to that value in 2012?

EID’s current Directors are not looking out for the ratepayer…instead barking out the signals “18 percent, 15 percent, 28 percent, 11 percent … hike, hike, hike, hike!”

So when you vote for EID Directors on Nov. 8, remember that you have a choice to vote for more of the same from George Osborne and Harry Norris …or less of the same from Ray Van Asten and Alan Day.

Greg Prada
Cameron Park 

Short URL: http://www.villagelife.com/?p=12990

This story falls on page ""
Posted by on Oct 28 2011.
Last Login:
Filed under Letters to the Editor. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Recently Commented

  • recetas de cocina: We’re a group of volunteers and starting a new scheme in our community. Your web site...
  • virtual dj crack: I am curious to find outt what blog platform you happen to be using?I’m experiencing some...
  • Mark 2: OR Parent. The tablet program was a pilot to work out the bugs of what is best. Without it, the district...
  • Liz: Did another search and US News came out with national rankings. Granite Bay is 438 OR is 577 Folsom 863 Vista 817
  • Liz: I did a search of top schools in California. Schooldigger.com shows that Oak Ridge is in the top 100 while...