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Celoron Man Questions BPU Dividend Payment

December 11, 2013

CELORON — One Celoron resident isn’t happy to hear Jamestown is benefitting from utility payments made from neighboring residents....

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(10)

rodrickson

Dec-15-13 1:55 AM

Madman,

Why do you keep conflating a municipal (Jamestown) utility with a corporate business?

If the BPU has so-called shareholders, they are ALL of its ratepayers. It is bad business to exclude certain ratepayers. Only Jamestown residents are benefiting from the payout! How hard is this to understand?!

You are likely to see Celoron residents move to another supplier because of this. Factoring in that the local grid requires less and less local generation due to efficiency improvements and declining industry, how long do you think it will be before the Nat-Gas generator is not producing?

The BPU already already has 200 techs on the payroll that do nothing but stare at non-function coal boilers... does this sound like a great business to you?

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madman

Dec-12-13 8:13 AM

fmd, city of Celeron residents or any other city have no grip. Lets be honest here, your gripe is with a Democratic mayor who will use all means necessary to keep taxes down. If this mayor was a republican, you would shouting how wonderful this is. At least be honest.

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madman

Dec-12-13 8:10 AM

rodrickson and fmd, I assume you probably shop at Walmart. Based on profits, Walmart pays a dividend to their shareholders. Sould they not do this? Should they take profits and lower prices? Does they anger you that Walmart pays a dividend to shareholders, and you as a CUSTOMER feel ripped off? What is the difference between this example, and BPU where you buy your electric? And don't you think Niagara Mohawk, National Grid, and the rest of these companies do not pay dividends? Years ago, Jamestown took the risk of starting this company. They spent the money to start the company, and continue to spend on infrastructure. Lakewood, Celeron, Falconer, Frewsburg, Busti, and any other town could have done the same, but did not. I cannot understand what part of this you do not get? This dividend is used to keep taxs at a lower rate for city of jamestown residents. I would suggest for all who disagree, shop around for your electric and see if you can get it cheaper.

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fmd1934

Dec-11-13 7:03 PM

Celeron Residents have a great gripe here. They are essentially paying for a so called Dividend-Tax (money grab) by the Mayor to balance the City of Jamestown's Budget. Yet, they receive no Police/Fire Protection, or street plowing/paving services from the City. I would be ****** too. So some quick answers from the Mayor's Gang is go get your electricity someplace else ! We are all in this NYS mess together, for people to say go get your utilities from somewhere else proves your unwillingness to work and function as a committed one County entity. Your attitudes are not what I expect from Pillars or Leaders of this Community. Actually I think your pompous attitude is un-excusable. No wonder the City is in deep sheeeze !

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canicomplaintoo

Dec-11-13 11:23 AM

Rodrickson, You may very well be able to go elsewhere for your electricity, provided that you can find an Alternative Energy Supplier willing to serve you. However, it will still be required to be delivered across lines owned by the BPU. It can reasonably be argued that the profit generating the "dividend" payment comes from this portion of the rate structure.

The infrastructure necessary for consumers OUTSIDE of the city is there because of investments previously made and risks previously taken by the city and by extension its residents. Apparently you feel this has no value.

Even if you are right in your criticism, your net cost is still well below the net cost "enjoyed" by the NiMo customers in Lakewood and beyond.

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WestSider

Dec-11-13 8:49 AM

The first portion of this story is poorly written. More information on the BPU dividend should have been included.

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askwhy

Dec-11-13 8:38 AM

BPU offers cheaper utility rates now, but not in the future when Dunkirk fires up or if Nat. Grid. lowers their rates. Then neighbors will have other choices. Then this cash cow will become a white elephant.

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rodrickson

Dec-11-13 8:12 AM

Madman,

A business such as the BPU should be very careful, because people will opt for a different supplier if this behavior continues and then your precious city's electricity profit as well as its balanced budget (which is already underfunded) will cease to exist.

You perpetuate the arrogance of the BPU. This isn't Gazprom we're talking about. Americans have a choice, as you've said before. So keep goading irate customers to go elsewhere, but don't cry when it happens.

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instigator

Dec-11-13 7:55 AM

agree with writer, time to sue the bpu, they stink

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madman

Dec-11-13 7:04 AM

Another misguided, misinformed individual who has no clue about business, ownership, dividends, or knowing the difference between being a customer or an owner. If you don't like the idea of an owner of a business taking a dividend based on profits, then you as a CUSTOMER should take your business elsewhere.

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