Logan Martin Lake Topics: Lake Martin above the rule curve.

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	Name:	Carnac -
	Subject:	Lake Martin above the rule curve.
	Date:	3/2/2013 8:40:24 AM

In the real world of real business risk/reward is the rule. There is always competition and it makes companies better. You make profits the old fashioned way. You earn them. Real world businesses require forward thinking to stay ahead of the competition. Be strong or be gone. In a public utility company, specifically APCo, there is no risk/reward to attain profits. Raw materials or equipment costing more? Go to the Public Service Commission and ask for a rate increase from your customers. No forward thinking required. Rather than risk/reward thay have a guaranteed return on investment. Who needs forward thinking? At APCo it happens only every forty or so years when they prepare to submit a new licensing application to the Federal Energy Regulatory Commission. APCO will ALWAYS err on the conservative side. That's why they always flush.

As a power provider APCO is teriffic. Very dependable service at relatively low cost.