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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: axial who wrote (35614)9/14/2010 3:27:50 AM
From: axial  Read Replies (1) of 46821
 
Typical incumbent behavior -- not limited to telecoms...

"This is but one example of many where incumbents claim service improvement is too costly, yet spend freely to maintain monopoly status and substandard service to captured clients."

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Deadly Priorities: Why Did PG&E Spend Millions on Politics, Instead of Pipelines?

"We know the utility had the money -- our money -- to fix the pipelines because public filings show that just last spring, PG&E chose to spend $45 million in ratepayer dollars in a failed bid to block public power. These are funds that could have been used to repair what the utility's own survey said was a high risk pipeline on the SF peninsula. So why make the decision for politics not pipelines? If the spending decisions were not related, why not? At the very least, PG&E should have a moratorium on political spending until they compensate the San Bruno victims and fix the pipelines."

huffingtonpost.com

Jim
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