Sirius Stuff

The City Council of Portland was very interested in buying Portland General Electric from what was left of Enron. Rate cuts of 10% or more were talked about.

With amazing 20-20 hindsight, it’s now obvious what the City should have done:

Keep PGE’s rates the same!

Keeping them the same would have let them

• Give rebates to other cities. Here, Gresham & Beaverton, here’s 10% of the electric bills of everyone in your city boundaries. Now be quiet.
• Give money to Portland Public Schools.
• Fund the tram
• Stop people wondering what would happen when well-paid, unionized private sector workers became well-paid, unionized public sector workers. Did anybody expect there to be fewer people? Less pay?