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Monday, February 16, 2009

DISCUSSION: WILL THE PUBLIC UTILITY COMMISSION OF OHIO (PUCO) CONSIDER AEP'S USE OF CORPORATE AIRCRAFT (PERSONAL USE) IN ITS RATE INCREASE CASE?


UPDATE: From a source: "... THE 2007 FERC [Federal Energy Regulatory Commission] filing for AEP, and Mike Morris' compensation package include $289,865 of "Personal Use of Company Aircraft.'' (Michael G. Morris-Chairman of the board, president and chief executive officer)

The STARK COUNTY POLITICAL REPORT (The Report) passes on a little tidbit to readers about what AEP (Ohio Power) is doing with some of the revenue it raises from electricity users.

The tidbit is from a friend of The Report who has connections inside the utility world, to wit:
A friend of mine was at a party with some of the AEP big shots and she said they were bragging that the company owns three jets -- and makes them available to the bosses for personal travel. I'm assuming we're paying for that, too.
Do you wonder whether or not member of the Stark County legislative caucus has any interest in looking into this bit of information?

How about it Oelslager, Okey, Schuring, Slesnick, Snichler and Shiavoni?

1 comment:

Anonymous said...

I think we have to be very careful here. We are assuming that the utilities are using these jets for junkets and pleasure and not business. I would think that their inhouse auditors and outside auditing agencies that they employ, including the IRS audits, would uncover personal v. company usage.
But then again, who would have ever thought our FBI, SEC, Congressional oversight committees, etc. would be guilty of the various acts against the American public that we have come to witness on almost a monthly basis in the last decad.