Reading the other side of the meter.

http://www.theflynnfile.com/2009/03/lge-billing-changeor-how-e-on-will-fund-kentucky-derby-festival-sponsorship.html

Saw this shared in items from my Google friends inside of Google Reader, and I couldn’t read it without shouting things at my computer screen. A transcript of the shouting follows.

First off, the author makes several good points, and I feel that the objections are warranted. No one likes having pay a bill on a faster schedule than they have before. But for me, I also get a sneak peak into almost 300 utility districts and their monthly rituals. So let me enlighten you as to what I see on a monthly basis.

For most utilities I know, the bills are due in anywhere between 10 and 20 days, with the majority falling at 15 days / 2 weeks, but as I’ve seen, several of our customers are going with 10 day billing cycles, especially if they are smaller. With that, I don’t think 12 days is unreasonable. Sure, E-ON/LG&E is a huge corporation with lots of customers, so why the need to run things tighter? They want what everyone else does, a steady stream of revenue so that they don’t have surges and droughts in the income, when the out-go is fairly even throughout the course of a month.  As for them not being able to tell you what your bill is by looking it up on a website, that’s ridiculous.  Some of the most sophisticated adoptions of technology I have seen in my line of work have come from the most inept of people.  Tell LG&E to get their shit together.

Something not mentioned directly in the article as a point of contention was the late fee. When I saw 5%, I laughed. In my experience again, 5% is a godsend of a late charge. Most I deal with are 10%, and another common trend I am noticing is 18%. And yes, these are on bills as large as what LG&E are charging.

And the third thing on this is the issue of LG&E paying for a main sponsorship of Derby, and then complaining they have no money. This, I have a problem with, and rightfully so. Don’t blow everything you have, complain you have nothing left, and are left with a massive pile of debt when it’s all said and done. If everyone did that we’d have total economic collapse. Oh wait. Shit. Already happened.

Thursday, March 5th, 2009 Uncategorized

2 Comments to Reading the other side of the meter.

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  • Brad says:

    Thanks for the comments; very constructive.

    5% is a godsend…5% today, 15% tomorrow. We have the last 29 years of watered down financial regulations as proof that when government gives big business an inch, they take the whole damn economy.

    My concern is that the PSC in KY does not have the ability to regulate this behavior of a utility…rates, sure, they have that authority, but billing practices, not so sure.

    Credit card companies engage (and still do until the new rules take effect) in things like double-cycle billing when they lacked regulation…I’m just hoping to head off a repeat at the pass.

    LG&E does have statements available online, but that requires a PDF viewer, website login, several clicks, and is far from mobile enabled…even on an iPhone, accessing it is next to impossible…give me simple SMS on demand as most wireless companies do…text a number with a command, get a reply with the info you want.

    Customers have no pull with this utility any longer…unless they are in Europe..then maybe.