Editor’s note: The following letter was addressed to state Rep. Gerald Hocker and forwarded to the Coastal Point for publication.
We are requesting you as chair of the Natural Resources and Energy Committee, that oversight hearings be held to answer a number of issues concerning DPL’s rates, finances and over collections and under collections for 2006. Newspaper articles have raised some questions which should be answered in the public interest. Among some of the topics and questions are:
(1) What is DPL’s rate of return on investment? How has it varied from year to year?
(2) Has the PSC effectively monitored DPL’s rate increases?
(3) Has DPL’s made any bad management decisions?
(4) What is DPL’s efficiency as a company? What are the salaries of DPL’s executives? How do they compare with salaries in the Mid Atlantic Region?
(5) What does DPL’s income and balance sheets look like?
(6) What is DPL’s estimated growth for 2007 and 2008?
(7) DPL’s is threatening a law suit to avoid the 2006 Supply Act. Is their suit in the public interest and should legal costs be supported by rate increases?
(8) DPL has under-collected from residential accounts and over-collected from commercial accounts. Why has this happened? Now, it is increasing rates to residential customers and decreasing rates to commercial customers.
Perry J. Mitchell
Consumers for Alternate Power