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GoogleWilliamson received permission from the Power Board at its regular monthly meeting to write off almost $180,000 in bad debt due to the bankruptcies of Quebecor World, Heckethorn and former industrial park tenant Bekaert's unpaid bills.
Revenue for DES relative to the last fiscal year is $726,000, a reduction of more than half the 2007 numbers.
Money to pay the legal team for the lawsuit against Bekaert is also offsetting any further gain in revenue, but Williamson said DES's insurance carrier is expected to cover the amount, although not until the next budget year.
The system's reserve fund remains in good shape, said Williamson, but the uncertainty of future economic conditions and continually increasing TVA fees have spurred discussion of a spring 2009 rate study.
The last time the entire structure was altered was 1982, said Williamson.
Williamson also said customer concerns over the TVA surcharge tacked on for fuel costs -- which appears as a separate line item in addition to the DES bill -- has risen in recent months.
"We have no control over that," said Williamson. "TVA gets that entire amount. All we do is break it out on the bill so people can see what they are getting charged for."
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Question: Why do businesses that file bankruptcy get to NOT pay their utility bills when in a personal bankruptcy the person has to continue to pay their utility bill or get their utilities shut off? My suggestion: Shut off the utilities until they pay up!
If you stay in business, you should pay the bills like everyone else
EQUAL SITUATIONS BY BIG BUSINESS OR PERSONAL CONSUMER USE SHOULD BE EQUALLY TREATED IN ACTIONS TAKEN .PAY YOUR BILL OR BE SHUT OFF FROM SERVICE . NO EXEMPTIONS.ELSE WISE THE TAX PAYERS WILL EAT THE UNPAID AMOUNT BY RATE INCREASES .
Big Business and Company owners should pay their bills on time or be shut off -- no way a homeowner can get away with this.
The Power Board needs to redo their way of doing business with companies and shut them off. We have to pick up the bill if they close their doors.
I agree with BIZCUITZNGRAVY
A lot of people get shut off after a warning to pay the next day in full. Some body is NOT LOOKING ,OR TAKING CARE of THE ONES THAT PAY BILLS ON TIME. SHAME on YOU!!!!!!!!!!