Utilities shouldn’t be allowed to donate ratepayers’ money
The MBJ story on utility company donations caught my eye (Oct. 4, 2010 issue). I have long felt that utility companies should not be allowed to donate ratepayers’ money to charities since utilities are monopolies.
It’s totally different if a private company chooses to donate funds to charity since, in fact, the owners are making the contribution themselves and are free to donate or keep the money in the bank. Not so with utility donations wherein customers pay for the donations through higher utility rates. Utility customers should enjoy lower rates and make their own charitable donation decisions.
Before the charges of hypocrisy begin I will freely admit that many nonprofits that I have been associated with have benefited from utility donations. I feel no guilt whatsoever. If they’re going to donate “my” nonprofits might as well get their head in the trough, too.
Keep up the good work at MBJ.
Joe D. Jones, CPA
McInvale Heating & Air
Editor’s Note: Joe Jones is publisher emeritus of the Mississippi Business Journal.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Utilities shouldn’t be allowed to donate ratepayers’ money”
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Three indicted, alleged to have embezzled from agency
- MARTIN WILLOUGHBY — Tyler Raborn finds success and fulfillment with Raborn Media
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau
- Manning family establishes health care initiative at UMMC
- Walker sentenced to 18 months for fraud, conspiracy
- Weyerhaeuser investing $57M to modernize lumber mill
- Supreme Court deals blow to McDaniel's election challenge