The problem, as I understand it, is there is no penalty to these so-called start-up industries, if they don't follow through and actually start a business in Delaware. The taxpayer gets to fund the enterprise without being given the opportunity to vote in a referendum, so we pay and get no benefit back. The corporation pays no penalty back to the taxpayer or state if the company defaults on the agreement. So it's easy cash for these corporate big-shots who take our money and then claim we now see we can't make it work- heh heh, so we've put YOUR money into OUR pocket- heh heh.
Bloom Energy is another example, except this time, instead of all taxpayers, the scam involves ONLY DP&L customers who get the shaft. Apparently NOW Bloom is going to start to build its facility in Newark. We'll see how many actual jobs result, assuming after they get the building built, they then don't go belly-up leaving the DP&L customer on the hook.
I liked Jack Markell until he did these two things. It was why I didn't vote for him in this past election. These were not good deals for the taxpayer or the DP&L customer.
As it is, we in NCC pay a higher electric-bill rate to help keep the price lower for Lower Delaware. I've brought this up before and it never gets discussed. Why should you and I subsidize people's electric service at the beach? Let me see if I have this correct, they have the beach home that I don't get to enjoy and surely can't afford to own, but I'm paying more in my electric bill so they won't have to pay more in their electric bill. Sure sounds wrong to me. The News Journal did a piece on this in 2008? and I can't believe there wasn't or isn't more outrage over this.
Sat, Dec 15, 2012 10:21am
Sorry to say I told you so, but...I told you so!
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