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AEP earns $338M while Ormet struggles

August 3, 2013

MOUNDSVILLE — As Ormet Cor....

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(13)

Ericae

Aug-03-13 9:47 AM

The sheer greed of AEP is astounding. I am not so much referring to the Ormet plight as those of us who spend so much of their income for electricity. In the winter my power bills takes in excess of 1/3 of my income. I realize they provide a needed service but their profit literally takes other vital needs from me.

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Thoughtful

Aug-03-13 7:19 PM

You may want to reach out to the Obama Administration who has burdened utilities especially in our area with such strict EPA rules that it is becoming difficult to burn coal post effectively. Look to Washington and put pressure on them!!!!!!!!!!! Cera and Gentile, how about some harsh words for your President and his energy policy.

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Thoughtful

Aug-03-13 7:19 PM

You may want to reach out to the Obama Administration who has burdened utilities especially in our area with such strict EPA rules that it is becoming difficult to burn coal post effectively. Look to Washington and put pressure on them!!!!!!!!!!! Cera and Gentile, how about some harsh words for your President and his energy policy.

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uglyassmf

Aug-04-13 12:22 PM

Greed used to be slowly destroying this country. Now it's it's destroying it much faster.

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Thoughtful

Aug-04-13 5:14 PM

Again, the issue is the Obama Administration and it's strong actions to eradicate coal as a source of generating electricity which is and will drive up the cost for all. nether it is Ormet, or a retired couple of Blaine, up goes the cost of electricity. the issue is not greed by AEP, not at all !!!!!!!!!!!!

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BigMike

Aug-04-13 9:02 PM

HARBOR Global Output Aluminum Analysis: Aluminum Global Output Growing Despite Worsening Economics 24-Jul-2013 Global primary aluminum production continues to grow despite the fact that 58% of global operating capacity is not profitable in a full cost basis...

It's a buyer's market....

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uglyassmf

Aug-04-13 11:44 PM

well..so you suggest the workers are overpaid??? lol those poor guys have been on strike more years than they have worked in the last 20 years. corporate greed couldn't have a thing to do with it?? Making threats and trying for some corporate welfare wouldn't have any thing to do with it??? lol Most power plants are already converted to gas or soon will be because it's cheaper and Cleaner..I agree the EPA laws may have helped force the move to cleaner energy. lol..thoughtfull..your funny

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promo61

Aug-05-13 11:41 AM

Why is that liberals can play both sides of an issue? If a corporation makes a profit it is labeled as greedy. If it is floundering underwater (and is unionized)then it is labeled too big to fail.

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Thoughtful

Aug-05-13 4:29 PM

Please call Mr. Obama and register your complaints concerning your cost of electricity. And It will continue to increase above levels of inflation. If you voted for Mr. Obama, please restrain yourself as you helped create this problem !!

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Ericae

Aug-06-13 8:42 AM

It sounds very much like greed to me to make a profit of 338 million dollars on the back of low income people in the area. Everyone realizes it is a business intended to make a profit but is this not excessive?

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promo61

Aug-06-13 2:50 PM

Ericae; the difference in this information age is that you didn't know what a company made. What is excessive? Do we really want government to control that too? Should a company that invests billions and employs thousands be permitted to make a few hundred million? It's all about perspective in my book. Let's say a private ice cream business that brings in $40,000 in revenue profits $10,000. Is that excessive? Do just low income people pay for electricity? You've got to get real about this and put more thought into your comments.

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CraigL50

Aug-08-13 8:45 AM

I moved to Ohio in 2011 and have been using AEP since I moved here. I started getting mail from IGS, Direct Energy and DP&L this year to move to them for electric since it is de-regulated in Ohio. I was paying almost .09 cents per kilowatt hour to AEP and switched now to IGS at .0649 cents per kilowatt hour. As soon as I switched I got mail from AEP that I could switch back to them at .0649 cents per KW/H. Why wouldn't they offer me this before. Greed is the answer. They could have been charging me this all along and didn't till I switched to someone else.

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promo61

Aug-08-13 10:08 AM

That's called the free market CraigL. Would you willingly charge less for a service if someone is willing to pay more? Of course not. Greed is a nice catchphrase that has a negative connotation but isn't correct when applied to corporate capitalism. These companies are there to make a profit for shareholders. If your neighbor was a shareholder in AEP would you call them greedy to their face?

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