Expensive Editor,
Tright here was a time Michigan had limitless reserves of pure fuel. It was saved in underground caverns comparable to in and round Six Lakes.
It seems that issues obtained off monitor when MichCon merged with DTE. I perceive that DTE discovered they might promote our pure fuel throughout state strains on the open market and will maximize their income. Their inventive accountants continued to prepare dinner the books utilizing new present market pricing to set prices to Michigan prospects. They went to the Public Service Fee and satisfied them they’d solely cost shoppers what they needed to pay on the open market (that they set themselves). Now comes a beautiful windfall alternative: the Russia/Ukraine warfare.
Europe wants pure fuel and the U.S. fuel business is able to promote them a number of it, on the proper worth.
Now the magic market worth is greater so the inventive accountants have set their market value to cross onto us at .482, up from 2022 costs that have been .283 per CCF. On the backside of my January invoice they declare I’ll now save $2.37 every month.
That is simply one other unhappy instance how large enterprise is way smarter than politicians and their authorities companies. Get up folks. Most inflation is the results of maximizing income.
It’s unhappy however the reply for this newest unchecked worth gouging might be our authorities or charity to subsidize folks that may’t afford to pay their outrageous fuel payments and different numerous value will increase.
Who’s driving the bus?
Lawrence E. Snow
Greenville
