Thursday, October 29, 2015

Jimmy Glotfelty, Snowball, and Pete Domenici



Every now and then something is written and sometime later the author author looks like an oracle.  The author probably asks themselves the question “Did I write that?” as the relevance at the time of writing was small and weak, but after aging a bit, the relevance increases dramatically.   This is the beauty of writing commentary on the internet.  Comments, statements, opinions are saved on the internet and allowed to age and mature.  

Some guy named “SNOWBALL” wrote this blog over 8 years ago.  It probably went unnoticed at the time with few readers who yawned and said “WHATEVER”.  Today this little blog speaks volumes.  Snowball deserves an honorable mention somewhere for this blog.   Maybe no one else sees the relevance of the blog, but WOW!  He called it correctly.

Who was Snowball? Not a clue.  The name is an obvious Orwellian reference to Animal Farm.  It’s probably a popular internet name.  That’s probably the beauty of the name.  It’s more untraceable.

Why did he choose to make commentary out of Jimmy Glotfelty’s testimony before Congress?  With hours of testimony before the Senate Energy Committee, Snowball chose to comment on one little softball question asked by Senator Pete Domenici to Jimmy Glotfelty. 

It was a question the Senator asked out of left field.  It had nothing to do with the subject of the 2003 Blackout, but was evident the Senator or s someone Senator’s campaign wanted the statement made at a Senate Committee hearing.

If any professional reporters in the media wrote about Jimmy’s testimony before the Senate committee, they surely wrote about the 2003 blackout.  This small question and comment went unnoticed by the pros, but not old Snowball.  He wrote his commentary on the internet.  8 years later in 2012, Snowball’s commentary looks like he had incredible insight into the world around him.
Who is Snowball?  Was he an expert on national energy policy?  Snowball is probably just a guy.  Maybe he is just the equivalent to a farmboy from Arkansas.  He’s probably not a genius or expert on the energy industry, but for a brief moment in February of 2004 he was a bit of a visionary and saw the road this nation was headed impulsive reactions to the energy situation of the first days of the 21 century.
Thank you Snowball.
Thank you.  Here’s SNOWBALL’S blog from over 10 years ago.

BUSH-CHENEY ENERGY BILL IS BACK 

After the blackout of the summer of '03, Mr. Bush used the crisis as an opportunity to end public control over electricity and utility companies - "by repealing the Public Utility Holding Company Act (PUHCA) and providing increased rates of return on new transmission investments."

In the next several weeks, the Bush-Cheney energy bill will come to the floor of the Senate for a vote, which Senate Majority Leader Bill Frist (R-Tenn) says will pass easily.

The Bush-Cheney energy bill includes a provision that would repeal the Public Utility Holding Company Act.

In 1935, Franklin D. Roosevelt wrote "A Recommendation for the Regulation of Public Utility Holding Companies" to members of Congress, in which he warned, "Through the device of these pyramided holding companies, small groups of men with a disproportionately small investment were able to dominate and to manage solely in their own interest tremendous capital investments of other people's money."

The major networks and cable news shows have been largely silent on the energy bill; perhaps they've been too busy informing the American public of the latest in the Martha Stewart trial or the trouble in Haiti. If they do report on it, they say that the energy bill's been delayed "over a partisan debate on MTBE", a gasoline additive widely believed to be toxic and environmentally hazardous.

Earlier this week on Feb. 24, power groups were in Washington, DC attacking PUHCA in hearings on the reliability of the electric grid.

Jimmy Glotfelty, director of the Office of Electric Transmission and Distribution in the Department of Energy said, "I just spent two days meeting with investment bankers ... and time and time again we heard that repeal of PUHCA was necessary for more investment."
Phillip G. Harris, president and chief executive of PJM Interconnection, and James P. Torgerson, president and chief executive of Midwest Independent Transmission System Operator Inc., told Energy Chairman Pete Domenici, R-N.M.that eliminating PUHCA "would boost industry investment".

In 1938, Roosevelt was writing to Congress again about the corporate abuses of power and said, "The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is Fascism... ownership of government by an individual, for a group, or any controlling private power."

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