Amid electricity cost woes, suppliers face complaints
Pennsylvania has filed complaints against five out-of-state electric generation suppliers before the state Public Utilities Commission after consumers complained their electricity costs increased by as much as 300 percent. The complaints, filed jointly by the state Bureau of Consumer Protection and the Office of Consumer Advocate, ask the PUC to suspend or revoke the licenses of the following suppliers and impose civil penalties, as well as provide appropriate restitution including any necessary refunds: Energy Services Providers Inc., which does business as Pennsylvania Gas & Electric; IDT Energy Inc.; Respond Power LLC; Hiko Energy LLC; and Blue Pilot Energy LLC.
Scores of PAAW workers walk out over contract
About 150 unionized workers with the Pennsylvania American Water Co. have walked off the job in what the Utility Workers Union of America Local 537 characterizes as a lockout. The workers were picketing at four Pennsylvania American work sites this week, including the plant along Becks Run Road in Baldwin. Pennsylvania American, a subsidiary of American Water, says it imposed a “last, best and final” contract offer June 9, after three years of unfruitful negotiations. “Contrary to the picketers’ signage, [there] is no lockout and employees are urged to report for work,” the company said. The UWUA, which is fighting outsourcing and is seeking job security protections, says the contract imposition qualifies as a change in working conditions “without bargaining in good faith,” precipitating its walkout.
Lyft, Uber representatives head to Harrisburg hearing
Representatives from ride-sharing companies Lyft and Uber are expected to appear at a hearing before the Pennsylvania House Insurance Committee in Harrisburg on Monday. The companies have run afoul of the state Public Utility Commission, which views them as illegal operations. A separate hearing next week in Pittsburgh will determine whether the PUC’s request for a cease-and-desist order against the companies will proceed. The Pennsylvania Insurance Department has said that personal insurance policies do not cover vehicles being used as ride-sharing services.
RadioShack slips to below $1 per share
RadioShack’s stock is trading below $1 per share for the first time in its history — and has the investment world wondering if it will eventually be delisted. Shares of RadioShack Corp. fell 11 cents, or 10.43 percent, to 92 cents in Friday trading. The New York Stock Exchange could delist the stock if it closes below $1 per share for 30 consecutive trading days. The stock is well below its all-time high of $79.50 set in December 1999.
Starbucks hiking prices on drinks, bagged coffee
Starbucks is raising prices on some of its drinks by 5 cents to 20 cents starting Tuesday, and customers can also soon expect to pay $1 more for the packaged coffee it sells in supermarkets. In March, CEO Howard Schultz said during an interview with Fox Business that Starbucks had no intentions of raising its prices.