BBI in rough financial
straits
By MIKE DENNISON of the
Missoulian State Bureau
HELENA - A year after state
regulators rejected an Australian investment group's
offer to buy Montana's largest utility, the company is
in financial turmoil - and regulators are relieved they
said no.
Commissioner Ken Toole, D-Helena, said one reason he
voted “no” on the NorthWestern buyout last year is
because Babcock & Brown's business model relied too much
on “acquiring and leveraging” other companies.
“There was a real question in my mind if that was
sustainable,” he said. “This idea that free-market
economics and constant expansion are the dominant way to
do everything, including delivering utility service, is
questionable. I think we dodged a bullet.”
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HERE
Qwest offers 16 Million Bill
Reduction.
HELENA, Mont. (AP)
Qwest
Communications is offering a $16 million reduction in
customers' bills
to settle a complaint that it was overcharging
Montana
consumers.
The settlement stems from a complaint current Public
Service Commissioner Ken Toole filed in 2006 when he was
running for office. It must still be approved by the
commission.
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HERE.
State needs political will on PPL
By KEN TOOLE - Your Turn -
01/25/08
It is easy to be cynical these days. A case in point
is the recent flap about Pennsylvania Power and
Light including political concessions in its
contract negotiations for power purchases with
NorthWestern Energy.
But before we get to that we need a re-cap. The
Legislature deregulated the old Montana Power
Company. As a result, Montana Power sold the dams on
our rivers and its interest in the coal-fired power
plants to Pennsylvania Power. In the new,
deregulated environment the only restriction on the
price Pennsylvania Power could charge us was
competition from other suppliers in the market place
... there aren’t many. Consumers in Montana have
seen dramatic price increases while purchasing the
bulk of our power from the deregulated Pennsylvania
Power.
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HERE