Comments on: NextEra Completes Deal To Purchase Gulf Power http://www.northescambia.com/2019/01/nextera-completes-deal-to-purchase-gulf-power Local News for Molino, Bratt, McDavid, Century, Walnut Hill, Cantonment Tue, 21 Apr 2026 11:26:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dave Sims http://www.northescambia.com/2019/01/nextera-completes-deal-to-purchase-gulf-power/comment-page-1#comment-380000 Dave Sims Mon, 07 Jan 2019 14:55:30 +0000 http://www.northescambia.com/?p=348649#comment-380000 David huie: After hundreds of years and thousands of buyiuts, conglomerations, mergers and sales of companies, please point out ONE that has actually lowered any cost for ANYONE. Generally, buyouts mean assumption of debt and in this case it's 1.4 billion. Will this debt just be erased? A tax write off? Or will it be assessed as some sort of increase to the customers via a carefully explained rate hike assessed to every customer. Yeah, welcome to business 101. There is no free lunch David. David huie:

After hundreds of years and thousands of buyiuts, conglomerations, mergers and sales of companies, please point out ONE that has actually lowered any cost for ANYONE. Generally, buyouts mean assumption of debt and in this case it’s 1.4 billion. Will this debt just be erased? A tax write off? Or will it be assessed as some sort of increase to the customers via a carefully explained rate hike assessed to every customer. Yeah, welcome to business 101. There is no free lunch David.

]]> By: gmp http://www.northescambia.com/2019/01/nextera-completes-deal-to-purchase-gulf-power/comment-page-1#comment-379669 gmp Thu, 03 Jan 2019 11:06:50 +0000 http://www.northescambia.com/?p=348649#comment-379669 Why do I suspect that my rates aren't going down anytime soon. They gotta pay for it somehow. Why do I suspect that my rates aren’t going down anytime soon. They gotta pay for it somehow.

]]> By: David Huie Green http://www.northescambia.com/2019/01/nextera-completes-deal-to-purchase-gulf-power/comment-page-1#comment-379665 David Huie Green Thu, 03 Jan 2019 09:51:54 +0000 http://www.northescambia.com/?p=348649#comment-379665 REGARDING: "guess who will be paying for this purchase? Us, the customers." Explain please. David for understanding REGARDING:
“guess who will be paying for this purchase? Us, the customers.”

Explain please.

David for understanding

]]> By: Makesyouwonder http://www.northescambia.com/2019/01/nextera-completes-deal-to-purchase-gulf-power/comment-page-1#comment-379638 Makesyouwonder Thu, 03 Jan 2019 00:39:54 +0000 http://www.northescambia.com/?p=348649#comment-379638 It's amazing that just yesterday, it was reported that Gulf Power energy prices are going down after the tax breaks. Now today, the deal has been finalized. So, Gulf Power will likely keep the tax break now and guess who will be paying for this purchase? Us, the customers. As the CEO put it, it's all about the shareholders. Got to make up for his mistakes and pad his own pockets as well. Oh well. Nothing we can do. Not like there is any other alternative to these monopolies. It’s amazing that just yesterday, it was reported that Gulf Power energy prices are going down after the tax breaks. Now today, the deal has been finalized. So, Gulf Power will likely keep the tax break now and guess who will be paying for this purchase? Us, the customers. As the CEO put it, it’s all about the shareholders. Got to make up for his mistakes and pad his own pockets as well. Oh well. Nothing we can do. Not like there is any other alternative to these monopolies.

]]> By: M&M http://www.northescambia.com/2019/01/nextera-completes-deal-to-purchase-gulf-power/comment-page-1#comment-379608 M&M Wed, 02 Jan 2019 14:25:21 +0000 http://www.northescambia.com/?p=348649#comment-379608 Large deal put in perspective: Southern Company sells Gulf Power for $6.475 billion. Southern Company is worth $45.2 billion which employs 32,000 people and supplies power all over the South East. Facebook is worth $375 billion. Crazy times in which a free web site is worth almost 10X the value of an electric utility conglomerate. Large deal put in perspective:
Southern Company sells Gulf Power for $6.475 billion.
Southern Company is worth $45.2 billion which employs 32,000 people and supplies power all over the South East.
Facebook is worth $375 billion.
Crazy times in which a free web site is worth almost 10X the value of an electric utility conglomerate.

]]> By: Alan http://www.northescambia.com/2019/01/nextera-completes-deal-to-purchase-gulf-power/comment-page-1#comment-379607 Alan Wed, 02 Jan 2019 14:19:21 +0000 http://www.northescambia.com/?p=348649#comment-379607 Personally, I am amazed Tom Fanning continues to sit atop Southern Company. With the fiascos of MPC Kemper County and two GPC nuclear units costing the company approximately $10B they had not planned on, any other mere mortal would of lost their job. The sale of Gulf Power is the direct fallout brought by this gross mismanagement and is a slap in the face to the great pioneers who brought The Southern Company to fruition a hundred years ago. Personally, I am amazed Tom Fanning continues to sit atop Southern Company. With the fiascos of MPC Kemper County and two GPC nuclear units costing the company approximately $10B they had not planned on, any other mere mortal would of lost their job.

The sale of Gulf Power is the direct fallout brought by this gross mismanagement and is a slap in the face to the great pioneers who brought The Southern Company to fruition a hundred years ago.

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