Douglas Elliott
Douglas Elliott
Douglas Hemphill Elliottwas a Republican member of the U.S. House of Representatives from Pennsylvania...
continued costs customers electricity hold line prices rise serve
We've been able to hold the line on electricity prices for a long time. Unfortunately, the costs we incur to serve customers have continued to rise over the years.
choice claus companies hide looking santa three
You've got three choices: the taxpayers, the companies or Santa Claus ... Theoretically, you could take it out of the hide of the employees, but practically, nobody's looking to do that.
attempts increase mix suspect taxpayer
I suspect that there will be some mix of taxpayer subsidy and increase in premiums that attempts to partially recoup the losses.
airline bankruptcy gone major pension
There has not been a major airline which has gone through bankruptcy without terminating its pension plans.
huge pay pension problem
There is a huge pension problem here and someone is going to have to pay for it.
accounting appear average billion compared corner decisions four last losses next positive presumably reflect results year
The PBGC does not appear to have a corner yet in the real world, ... The positive results this year compared to last are a result of accounting decisions as to how much of the longer-term losses to reflect last year, this year and presumably next year. We still have an average loss of $7 billion to $8 billion a year for the last four years.