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Thread: E.S.B.'s contribution to the state

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    Default E.S.B.'s contribution to the state

    From today's online Indo :
    ESB highlights dividends to McCarthy - Irish, Business - Independent.ie
    There's something for the smash and grab merchants to ponder.

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    Politics.ie Member Mushroom's Avatar
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    "The Irish Independent understands the letter talks about the "strong commercial returns" the company has produced for the State, with the company paying out dividends of €815m over the last eight years, with €95m going to the exchequer"

    So where did the other €720m go to?
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    Quote Originally Posted by Mushroom View Post
    "The Irish Independent understands the letter talks about the "strong commercial returns" the company has produced for the State, with the company paying out dividends of €815m over the last eight years, with €95m going to the exchequer"

    So where did the other €720m go to?
    as we are the sole owner we should have got the lot, unless the employees have a 15% share?

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    I don't why people are so hard on the ESB-they deliver a good service, powercuts are extremely rare and when storms damage lines they're out fast to repair the damage. So what if they earn more than others-maybe they deserve it? Cheaper electricity would be good though.

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    Politics.ie Member hammer's Avatar
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    Have we now the highest ESB prices in Europe?

    Of course you will have a good service.

    Competiveness my ar...........

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    Still a near monoloply over past 8 years so not suprising they make a profit. Its the wider economy that suffers from excess cost of producing energy. Hook us up to UK for most power and undercut these overpaid extortionists.

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    down with the smash and grab merchants like the fine gael party........its a sad day when the majority of this country want these idiotic facists in power.Any state company that produces a dividend should be held firmly in state hands to protect our future as a soverign nation and any state company that is making a loss should be streamlined in order to make a profit ,but should certainly not be sold off to the vultures that will strip it to its bare bones to create a quick profit leaving the children of the nation to pick up the pieces
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    Quote Originally Posted by hammer View Post
    Have we now the highest ESB prices in Europe?

    Of course you will have a good service.

    Competiveness my ar...........
    But we don't have the highest prices. I just checked EDF in France, they are cheaper at 11.25c per kW/hr. Vatenfall in Germany, however, are charging 19.76 per kW/h, while Union Fenosa in Spain charges 16.50c. ESB's Urban 24 rate is 14.10c per kW/h which from my quick search seems relatively good.

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    Politics.ie Member cry freedom's Avatar
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    Will the power station workers at Poolbeg, [said to be on 100,000 plus per year average] be getting a pay increase next round ?

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    Quote Originally Posted by derekbhoy View Post
    but should certainly not be sold off to the vultures that will strip it to its bare bones to create a quick profit leaving the children of the nation to pick up the pieces
    Fine Gael doesn't want to smash and grab anything. The only pieces our children will be picking up is the national debt. We need to reduce it and selling off non-essential state assets is crucial to making big savings.

    Fine Gael does NOT want to sell off our electricity network so you clearly don't know what you're talking about. We only want to sell off the companies that operate on the network. There's no reason why both ESB and Bórd Gáis should be in public ownership when they are competing with eachother. I think it's very unfair to the likes of Airtricity for example.

    Not only can we raise many billions from the sale of these companies but we can also seriously drive down the cost of electricity in Ireland. Fuel poverty is a major issue in Ireland and it's completely unfair that the poorest can suffer with high electricity bills while unionised semi-state workers line their pockets with six-figure salaries and gold plated pensions.

    Fully private ownership of these companies will drive the price of electricity down and we will ALL benefit from cheaper bills and more jobs. Jobs will be plenty if we can keep the price of electricity down. It's a major headache for companies wanting to set up here.

    These benefits clearly outweigh the dividend that the state receives. The loss of these millions will easily be matched by renewed economic activity caused by the lower prices.

    Any state company that produces a dividend should be held firmly in state hands to protect our future as a soverign nation and any state company that is making a loss should be streamlined in order to make a profit
    Keeping all our semi-states does not ensure our future sovereignty. It's quite the opposite. Selling off the ESB and Bord Gáis will keep the IMF off our doorstep!!

    down with the smash and grab merchants like the fine gael party........its a sad day when the majority of this country want these idiotic facists in power.

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