I promised more about Helco. FWIW:
One of our neighbors was an engineer who helped with the setup of the
first windmill farm. He was a great guy. However: Helco/Hawaiian
Electric owned an insurance co. Nice way to make a lot of extra
money. All was great until Hurricane Iniki hit Kauai. The massive
devastation caused lots of insurance claims. So what's an insurance
co to do? Well, contractually, they should pay the claims and lick
their wounds. Not Helco. They went to the state legislature and
asked for a donation (very large donation) from the state's taxpayers
without their knowledge or consent. Nach, the D legislators are
quite happy to donate other people's money. SO Helco got their
extortion money "donated."
Nothing unusual about the above. Here is the punch line: Helco
claimed they needed to extort taxpayer money for the damage because
"their shareholders expected a dividend every year, and Helco felt
the investors should have a dividend, and should not suffer a loss
because of the hurricane!"
Yeah! Hey state! I suffered losses, I want a dividend and to earn
money! Where's my bailout?
WHAT? I don't get one? ...
HELCO is a sack of excrement. I lost any respect for HELCO after
that. THe shareholders "deserved" dividends no matter what. screw
the taxpayers.
_______________________________________
http://www.okiebenz.com
To search list archives http://www.okiebenz.com/archive/
To Unsubscribe or change delivery options go to:
http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
