LG&E

[MsgMills]

LG&E's problems started several years ago when they were bought by a Foreign company (French or English, I forgot). Then LG&E was sold again to I think a German company. When it was home owned we had some of the lowest rates in the country. Every time a business is sold then the new owners have to raise prices to recover their investments as soon as possible.

I toured the Hydro-electric plant in Louisville in 1999 and was told that while everyone thinks that the water is free that actually the Federal Government owns it and at that time was charging LG&E over a million dollars a year for the water that run their generators.

Yes and I was forced to sell my LG&E Stock...No questions asked or anything....Was told I had no choice in the matter and received the selling price on a specific day period.... Now that is crap if you ask me for sure.....

[peter]

I read a recent article in USA Today that states Russia, Iran and another country (CRS kicking in) was thinking of organizing an OPEC style group to control the Worlds Natural Gas prices. It's gonna happen for sure.....I'm changing my gas water heater to electric this Winter since it's 10 years old and my gas bill has increase 75% over the last few years. I wish Al Gore or T. Boone Pickens could help!

Check into solar water heater. It is very simple and then you won't have to worry about all this. Passive "may" be best..no moving parts.

Link

Peter