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This is joke. When I worked for IPL (now AES Indiana), in a good year IPL would send close to $1 million a day in PROFITs to the parent corporation, AES, usually around $300+ million a year. It was easy to figure out before they bought DPL. (Dayton Power and Light, now AES Ohio) because IPL was the only integrated power company in the North America and all of the numbers were clearly listed in the annual report.
That extra million dollars they spent on buying electricity on the open market is the equivalent of just a few days profit for AES Indiana. I suspect a root cause analysis on the plant failures will come down to inadequate maintenance and oversight, all in the name of cutting costs to maximize profits.
sounds like the predictable result of capitalism. ho hum.
Ryan, a government subsidized monopoly is the exact opposite of capitalism. Go read Gannett. The adults are talking.
We have set a very bad precedent in this country of socializing losses and privatizing gains.
They could probably save at least $1 million by eliminating their advertising budget–including the race car sponsorship. No need to advertise when you have a captive audience. Just saying.
I think some executive’s bonus may be tied to getting good results in the annual JD Power customer satisfaction survey, so NO the advertising budget can not get cut.
Effing Preposterous! #FAES