It's Raining Referenda

Share on Facebook
Share on Twitter
Print

By John Hubbuch

I don't ever recall the VOP Board ever asking my opinion about anything, but I now learn that the voters will be given the opportunity to vote on a referendum to seek electricity in the open market. My first reaction was : that's why I voted for you guys to figure stuff like this out. But it turns out state law  now requires voter approval before the Village can seek bids from independent power sources rather than ComEd.                                             

I don't have a background in economics, geology, oil and gas law or engineering. I don't subscribe to trade publications like Today's Petroleum or Electricity Illustated. I have no idea at all whether this is a good idea, and to tell you the truth I don't care that much.             

I do know a few things. Village sustainability manager K.C. Poulos was quoted as saying that the referendum offers a rare opportunity of  an economic benefit without substantial costs. Really? What ever happened to Milton Friedman's prohibition  about free lunches? Trustee Lueck calmed fears of those who might remember when rates went up when the phone companies deregulated by noting that electricity rates went down in Ohio after some towns there approved a referendum like the one proposed here. Maybe but even more recently the housing,commodities and banking industries were  deregulated, and how did that work out?                                                  

I'd like to know just how this whole idea came about? Who proposed it? What's in it for them? Does Goldman Sachs have anything to do with it? Did the guys proposing have on two thousand dollar suits? Were the words "tranche", "hedge fund" or "collateralized debt obligations" used in the presentation? If so, run for the door.                                   

I hope it all works out for us, but I must admit based upon what's been reported so far, there's just a slight odor of Enron in the air. Maybe Trustee Hedges is right to suggest  taking our time on this one.                                                                                                     

Speaking of referenda The British Medical Journal yesterday called Andrew Wakefield's 1998 study linking childhood autism to vaccinations an "elaborate fraud". Is there any chance we could have a "do over" on the November advisory  referendum requiring certain disclosures in connection with Oak Park vaccinations? 

                                                                  

                              

 

Love the Journal?

Become our partner in independent community journalism

Thanks for turning to Wednesday Journal and RiverForest.com. We love our thousands of digital-only readers. Now though we're asking you to partner up in paying for our reporters and photographers who report this news. It had to happen, right?

On the plus side, we're giving you a simple way, and a better reason, to join in. We're now a non-profit -- Growing Community Media -- so your donation is tax deductible. And signing up for a monthly donation, or making a one-time donation, is fast and easy.

No threats from us. The news will be here. No paywalls or article countdowns. We're counting on an exquisite mix of civic enlightenment and mild shaming. Sort of like public radio.

Claim your bragging rights. Become a digital member.

Donate Now

Reader Comments

No Comments - Add Your Comment

Note: This page requires you to login with Facebook to comment.

Comment Policy

Facebook Connect

Answer Book 2019

To view the full print edition of the Wednesday Journal 2019 Answer Book, please click here.

Quick Links

Sign-up to get the latest news updates for Oak Park and River Forest.


            
SubscribeClassified
MultimediaContact us
Submit Letter To The Editor
Place a Classified Ad