5. Do not agree to use the national Consumer Price Index as an electric rate escalator. I challenge anyone to show precedent in the electric industry for such a method to increase rates.
6. The PPA implies that MISO needs increased capacity and that Franklin’s secret investor has a plan to capitalize upon that need. There is no proof of increased need. Purdue’s State Utility Forecasting Group has again lowered its projections of Indiana’s need for power.
7. Your consultant, John Skomp, told you that it was a bad investment to build a natural gas generating plant using bonding (cheap money). Another one of your consultants, Garry Petersen, is telling you that it is a good investment to build a natural gas generating plant using private financing (expensive money). You should figure out whether your consultants are giving you good information.
8. Do not sign the PPA because it allows your partner to assign the Seller side of the PPA to someone else.
9. Do not sign anything until you see what your risks are. Your risks should be spelled out in the DA.
Obamacare costsare hitting home
I am probably going to upset some of my friendly acquaintances on the Democratic side of the aisle. Not because I want to, as I like these people, but as a result of the partisan divide that exists today. You see, today I just got my Obamacare letter. This is the letter that many have tried to deny exists. The letter that Mr. Obama said would not happen.
I know talking about Obamacare opens a huge can of worms that cannot be fully argued in a short letter, so I am going to limit this to a few personal facts:
• Currently, I am married with 3 children and pay $659 monthly (including a dental plan) for an $11,000 per year deductible. So essentially, I pay $7,908 per year to be self-insured.