Thursday, August 14, 2008

Entergy, the First Family, and Record Profits

Update : In the interest of being fair, here is a link to an editorial in The Northside Sun, written by its publisher, Wyatt Emmerich, discussing Entergy, Mr. Fisackerly, and the common complaints about the sharp rise in fuel prices as well as Entergy's plans to build a nuclear plant:
http://www.northsidesun.com/articles/2008/08/14/news/09.txt

Original post: Hmmmm......... this is very interesting. Apparently there are some family connections between Entergy and Mississippi's First Family. The Delta Business Journal reported in its most recent issue that Haley Fisackerly, when fresh out of college and looking for a job in Washington:
" bumped into Haley Barbour and conveyed to Barbour his interest, too. (Fisackerly and Barbour are related and share the same middle name “Reeves.”) Barbour wrote a letter to Thad Cochran advising the Senator of Fisackerly’s interest in moving to Washington..."
http://www.deltabusinessjournal.com/dbj_august_08/august1.html

So the head of Entergy Mississippi is Governor Barbour's cousin. Governor Barbour's nephew ran for a position on the Public Service Commission last year (He was defeated by current commissioner Lynn Posey). Mr. Fisackerly "served as vice president of governmental and regulatory affairs for Entergy Nuclear since June 2007" before his recent promotion to President of Entergy Mississippi. http://entergy.com/News_Room/newsrelease.aspx?NR_ID=1190

No accusation of unethical or illegal conduct is being made in this post and friends that know Mr. Fisackerly speak very highly of his abilities and character. Its just very interesting that the Governor's cousin is the President of Entergy Mississippi while his nephew tries to become a Public Service Commissioner (thus responsible for approving Entergy's rates) and the Governor signs into law a bill that allows Entergy to increase our rates for a nuclear plant with no guarantee it will be built.

By the way, while Entergy is reducing its fuel adjustment somewhat, it is enjoying record profits. WAFB reports:
"A review of Entergy records for the first six months of 2008 show Entergy profits are up 25 percent compared to the same time last year.From January 1, 2008 to June 30, 2008, Entergy took in $6.1 billion dollars in revenue, records show...
And Entergy is forecasting its profits will be even bigger in the second half of 2008, Entergy Chairman J. Wayne Leonard said in a message to stockholders. That would be another 25 percent increase on top of profits in the first half of 2008.
While the company showed dramatic increases in profits so far this year, actual residential sales of electricity during the second quarter rose only two percent. That includes what Entergy calls a "weather adjusted basis
."
http://www.wafb.com/Global/story.asp?S=8837480

Note: It was asked of me why I posted this information as some of the post looked like an attempt to smear people based on family relationships. I can assure you such is not the case. This is Mississippi, which at times seems like an extended family and relationships more often than not do mean something. Several friends of mine know Mr. Fisackerly quite well and have made it clear he is a very talented individual as well as being a great guy (as one put it) and someone with strong pricinciples and moral character. The information reported above was published by the Delta Business Journal and has been discussed by radio talk show hosts on their programs. Its out there. However, many times blogging on politics is about connecting the dots, something that reporters too often do not do. The point of the post was to show the relationships involved in an issue that has drawn the interest of many Mississippians. Frankly, if I had to make a bet, I don't think the Haleys cooked up something. Now if you told me a certain relative of Haley's ran for Public Service Commission because saw what he thought was a possible opportunity to take advantage of these relationships, especially when his wife is the subject of an FBI investigation and was also the subject of some controversy over her obtaining FEMA contracts, I would be more inclined to believe that scenario as every large political family tends to have a loose cannon. However, when Entergy is the subject of much debate, I do think that pointing out the relationships is appropriate and can be done so tastefully. One can only imagine what a certain publication in this town would have written on this subject and how far they would have gone in their histrionics.

1 comment:

Kid from Zetus said...

I can't say much about the inner workings of Entergy, but I do know that my energy bill is eating into my Social Security Disability check.I've wondered lately just how Entergy comes up with my total energy cost and this is what I received from Entergy as a break-down of my bill. As you can see, most of your energy bill comes from Riders added from years gone by. This is my most recent bill.

ENTERGY MISSISSIPPI, INC.      
Residential Regular (RS-33C)      
Billing Itemization      
Jul-08      
                   
  2042 kWh              
                   
Customer Charge           $4.57      
For the first 500 kWh @$0.08 /kWh 38.31      
For the next 1542 kWh @ $0.06 /kWh 94.77      
Three Phase Service           0      
Underground Service           1.16      
Base Amount           $138.81 -------------------------------------     
Formula Rate Plan (FRP Rider) 2042 kWh @ $0.00 /kWh 2.35      
Storm Damage (SD Rider) 2042 kWh @ $0.00 /kWh      1.33
MSE Rider $142.49   @ 18.36%   26.16      
PMR Rider $142.49   @ 5.09%   7.26      
UPC Rider $142.49   @ 2.09%   2.98      
ATA Rider $142.49   @ 0.70%   0.99      
Fuel Adjustment (ECR Rider) 2042 kWh @ $0.04 /kWh 75.16      
Tax Adjustment (TA Rider) $255.04   @ 0.08%   0.2      
Storm Cost Recovery (SRC Rider) $142.49   @ 0.78%   1.11      
  Total Bill           $256.35   12.55 ¢/kWh
                   
                   



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Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


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Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS
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