Imagine catching Ted Nugent in the kitchen sautéing tofu. That's what I thought last week after I read a short, vanilla-white story on Xcel Energy in the Business section. The article simmered quietly below the fold, casually stating that even though Xcel Energy lost revenue last year, its profits rose by 57 percent.
What?
At first glance I thought the energy giant had finally shed its coal-blackened dungarees and put on sunscreen. That it took the advice of the pitchfork and torch-waving public and cut its corporate fat-cat salaries and embraced efficiency as the surfboard of the energy future. Then I reread the story.
Xcel's profits rose because it raised our rates.
It's true. Because we were too efficient with our usage, Xcel boohooed the Public Utilities Commission until it got the rate increase it wanted. Indeed, Xcel also cut operating and maintenance expenses, but does this mean it's modernizing? Or does it mean that when a transformer blows, it'll take a week to fix?
Remember that Xcel went into wind power kicking and screaming and that now it's embracing solar with clothespins on its nose. Most of the great things it's done were because we forced it to. Sure, Xcel stockholders are happy, but what about us?
Steven Stratman, Minneapolis
TRANSPORTATION BUDGET
What happened to all that extra money voters already approved?
Regarding Minnesota's transportation budget: What was the impact of the transportation amendment in 2006? It was supposed to be phased in over five years and add $300 million for roads and public transit per year starting in 2011. I've been asking this question of my elected state officials since I first heard of raising the gas tax and have only received one form-letter response. That was more than a year ago, and it said (paraphrasing): The state of our roads and highways are terrible because we haven't raised the gas tax in over 10 years. Which, of course, doesn't answer the question: What was the impact of the transportation amendment of 2006? I just can't believe that $300 million per year was added only five years ago and now we need hundreds of millions more.
Pamela Wicklund, Minneapolis
MINNEAPOLIS DEVELOPMENT
Editorial writers wore blinders in declaring support for high-rise
The May 16 editorial supporting the 40-plus-story Alatus condo tower in Minneapolis ignores two significant arguments against the development.