Last week, we posted a piece about the sudden renewed interest in having a constitutional convention in Pennsylvania. We pointed out that despite the best of intentions by some good-government types, opening up the constitution could bring with it some real unintended consequences. You can check that piece out here.
We awoke this morning to find a new report had come out from the Washington D.C-based Institute on Taxation and Economic Policy that seems to indicate that as a state, we are pretty darned regressive when it comes to tax policy. In fact, we are in the top ten of the most regressive states in the union.
Pittsburgh-based Direct Energy announced this morning that it will enter PPL’s service territory on January 1, 2010, offering markedly lower rates for residential customers.
When the current rate caps on PPL expire next year, residential customers are expected to see a 30% jump in their rates. Direct Energy announced today that it is offering a 12-month discounted program with a 9-month step down, saving customers 15% off of PPL’s default rate. In addition to the 12 month plan, Direct is also offering a 36-month fixed rate plan, as well as a 12 month “green” offering, where the supplier will purchase renewable energy products.
The New York Times today heralded a brand new law in the Empire State that will for the first time allow Albany to assume broad oversight of state authorities. Every authority, from the Long Island Power Authority to the Thruway Authority, will have a ton of sunshine cast on its books, its practices and its personnel.