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AEP & Entergy Merger Red Herring

5/18/2011

10 Comments

 
This recent article in Financial Times claims that an AEP and Entergy merger is not going to happen.

"However, social differences between the companies as well as Entergy’s nuclear challenges prevented a merger with AEP from moving forward, claimed the first industry banker. He said he would be surprised if the companies could make a deal work now."


Oh, poppycock! (to use one of Mikey's favorite antique words)  We all know how AEP's propaganda posse love to scam the public by jerking the media around with false "rumors."

The article even throws one of AEP's famous red herrings onto the grill.  Other companies are named as possible buyers:  FirstEnergy, Dominion, Southern Co. and NextEra.  You may be able to trust the Gorton's Fisherman, but don't be misled by AEP's squid bait.  These other companies are just red herrings to keep you busy while AEP and Entergy get down to serious business, like discussing their "social differences."

About those social differences...  based on the affected citizens' experiences with AEP during the PATH Transmission project, we've discovered that AEP lies, cheats and steals.  So, what's the moral climate like at Entergy that makes them socially different?  You know what they say, Entergy, lie down with dogs and get up with fleas.
10 Comments
Karma
5/23/2011 08:19:39 am

If Entergy knows what's good for them, they'll run, run, run, as fast as they can away from the morally corrupt AEP and their polluted dinosaurs.

Reply
Opportunity
5/23/2011 10:16:01 pm

Economies of Scale = Now AEP can get rid of the deadweight of incompetence on their payroll, like the employees who so completely screwed up the PATH project that it's never going to be built. I'd start in the PR department....................

Reply
Da hillbilly
5/23/2011 10:46:31 pm

It would seem that AEP is attempting to find a new bed partner while dumping some dead weight at the same time. Does anyone actually believe any of these companies would consider this merger? I can't say that I would blame AEP for trying to clean up their huge boondogle but as Karma has said above, if Entergy has any sense at all they will RUN FOREST RUN! AEP will drag this company down into the mire as they have time and time again. I find it hard to believe ANY company would go to bed With AEP. Reputation alone should make anyone keep their distance! As for the employees responsible for the PATH "Charlie Foxtrot," those folks had better have their resumes polished and ready to submit at a moments notice ... You don't think Mikey is going to allow this behavior much longer do you?

Reply
AEP is criminal
5/23/2011 11:15:44 pm

and morally bankrupt

Reply
The Unemployment Line
5/24/2011 12:03:03 am

I guess this is why they're keeping Mikey around so long. They need to trot him out one more time for a mass layoff of AEP employees resulting from the merger.
Put Mikey in a rest home, where he belongs!

Reply
rich
5/24/2011 09:17:12 am

What does morris care? He's got his golden parachute retirement looming. He's selling everyone else down river.

Reply
Date-from-HELL
5/26/2011 12:44:33 am

Hey Hillbilly,

AEP is certainly a double-bagger you wouldn't want to find yourself in bed with. If Entergy finds itself trapped the morning after, they can always chew off their own arm to escape..............but it would be easier to just say no to coyote ugly in the first place. Some guys never learn!

Reply
Fortune Teller
5/28/2011 12:22:56 am

When I look into my crystal ball I see...............
I see.....................................
AEP and Entergy merging
With Entergy as the surviving company
For a while
Before it goes belly up or gets swallowed by another
There is no honor among thieves

Reply
birds-of-a-feather
5/29/2011 09:39:46 pm

i'll tell you about the moral climate at entergy because you asked. they own and operate a creaky fleet of nukes that are the next environmental disaster in the making. their public relations strategy relies on corporate funded frontgroups. entergy has been behind many 'nukes are green' frontgroup scams. entergy's c.e.o. ranks #1 in utilities for total compensation. he makes morris look like a pauper. if you're looking for morals at entergy you will be disappointed. they're no better than AEP and a merger would be like satan mating with hitler.

ENTERGY SUX!

Reply
?
6/1/2011 02:31:39 am

Satan mating with Hitler and the offspring controlling the masses is more like it.

Another victory for corporate America in scamming the public! How do these corporate lackeys sleep at night?

Bend over America, AEP and Entergy have a "present" for you! It's called more monopoly power and higher electric bills in your future.

Don't believe the hype. The planned AEP/Entergy merger is all about corporate profit and not about the "good of society".

Reply



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    About the Author

    Keryn Newman blogs here at StopPATH WV about energy issues, transmission policy, misguided regulation, our greedy energy companies and their corporate spin.
    In 2008, AEP & Allegheny Energy's PATH joint venture used their transmission line routing etch-a-sketch to draw a 765kV line across the street from her house. Oooops! And the rest is history.

    About
    StopPATH Blog

    StopPATH Blog began as a forum for information and opinion about the PATH transmission project.  The PATH project was abandoned in 2012, however, this blog was not.

    StopPATH Blog continues to bring you energy policy news and opinion from a consumer's point of view.  If it's sometimes snarky and oftentimes irreverent, just remember that the truth isn't pretty.  People come here because they want the truth, instead of the usual dreadful lies this industry continues to tell itself.  If you keep reading, I'll keep writing.


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