Wednesday, January 22, 2020

Kansas City Electricity Bills Will Spike

A local hedge fund power play will CERTAINLY AND INEVITABLY raise prices . . . A glimpse at power play stock boss tactics should hit customer wallets sometime soon. Here's the latest:

Elliott Takes $760 Million Evergy Stake in Push for Overhaul

(Bloomberg) -- Activist investor Elliott Management Corp. disclosed a $760 million stake in Evergy Inc. and pressed the U.S. Midwest utility owner to overhaul leadership or explore a merger.The New York hedge fund, run by billionaire Paul Singer, owns 11.3 million shares in the Kansas City, Missouri-based

23 comments:

Anonymous said...

Wow, were do these people think we’re gonna get money for higher electric bills, Jesus Christ this county and city has gone mad.... if the electric company is allowed to raise their bills guess who’s next? The gas company, Missouri regulates how much they can charge so if one gets a raise so does the other.

Activist my ass, this all about the almighty dollar

Anonymous said...

Feds have been quietly bailing out hedge funds like the one run by billionaire Paul Singers recently. Enjoy your rate hikes.

Anonymous said...

"Wow, were do these people think we’re gonna get money"


They don't give a shit haven't people figured that out yet? Obviously not.

Anonymous said...

Call me crazy but utilities being privately owned by profit driven hedge funds isn't a good idea. Yes, I understand there's regulatory commissions in place to control rates and such but they don't have any say in maintenance, such as tree trimming, etc. Bit PGE and California in the ass.

Anonymous said...

That's what green energy is all about... getting more green from customers.

All those windmills don't come cheap... and they don't make cheap electricity either... but every power company is racing to install them anyway. What a waste of money and resources.

And who pays for all this crap? We do.

Anonymous said...

Singer is referred to as a vulture capitalist because his hedge fund, Elliott Management Corporation (EMC), specializes in distressed debt acquisitions.



George Wallace said...

Jews.

Anonymous said...

Utility rates are regulated by the state and there are strict guidelines regarding rate hikes regardless of who owns it. They can request a rate hike, but if it is granted it will be the Public Service Commission in Missouri or the Corporation Commission in Kansas. This article is complete bullshit sky is falling propaganda.

Yogi Berra said...

Jewish vulture capitalists like Paul Singer are greatly responsible for the continuing demise of rural America, at least Tucker Carlson thinks so.

Unknown said...

The claim the Feds have been bailing out hedge funds is also bullshit. There is no federal guaranty of hedge funds and you have to be a qualified investor to invest in them. You creeps need better news sources.

Anonymous said...

Sure far better to pay with climate meltdown. If you'ree a science hating crank.

Diversity Is Our Strength said...

@10:52 So tell us why Trump made the CEO of (((Goldman Sachs))) his chief economic adviser.

Anonymous said...

Nazis.

Anonymous said...

Because guys who work at Goldman Sachs and make it to CEO are smart. Would you rather have a professor with no real

Anonymous said...

First off 10:37 states it like it is. Second off this is a Yahoo article and they are as untrustworthy as CNN with their fake news

Groota Thundercunt said...

"Activist Investor" = Oligarch

Anonymous said...

"Control the food. Control the utilities. Control the fuel. Control the people. Control the world".

(Old jewish proverb)

Anonymous said...

Singer probably understands generation of electricity just well enough to flip a light switch. But he's a billionaire, therefore he's well qualified (in his own mind) to tell everybody else what to do.

Anonymous said...

"Everything wrong in my world is someone else's fault!!!"

(Old white man proverb)

Carl Marks said...

Here's an idea: don't let a monopoly pretend it is part of the free market. Utilities should be owned by the people.

Anonymous said...

10:37 & 11:30 - Activist investors do not come in to earn meager returns. If they can't get higher rates, they are going to make money somewhere. Be it headcount or other cost cutting measures that could have an impact locally.

I've worked for equity owned firms in the past, they're fucking brutal.

Retro ROCKER said...

11:55 IS ON THE MONEY.

Anonymous said...

Singer may have to get locked up in jail like that other shister that was a smart butt over charging for Effie pens that people needed for medicine.

Greed will come down on him soon and catch up with him. The people will not stand for this scam.

What does it profit a man to gain the whole world and lose his soul.. the bible