Quote:
Originally Posted by billy ross
Huh? The widely praised head of PGW plans to cash flow $100 million per year in debt amortization starting next year, which, assuming straight line amortization (a little dangerous), will completely retire PGW's $1.2 billion millstone debt in 12 years, and somehow you find fault with his plan? What on earth do you want?
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Because, as eldondre points out, it is easy to have a debt pay down plan look bigger than it is when it is based off raising rates on a, predominantly, captive audience.
But I am sure you are happy with higher natural gas prices because it takes money away from terrorists.