Joan T. Goodman`s comments in the Jan. 21 Voice of the people cannot go unchallenged.
Ms. Goodman is feeling very sorry for Commonwealth Edison and its shareholders. It would appear, according to Ms. Goodman, the company is on the verge of going under due to lack of rate relief by the commerce commission.
The fact is Commonwealth Edison is now charging some of the highest rates in the country. The courts have on several occasions reversed commission awards and Edison still owes its customers refunds going back five or six years.
As for the poor Edison investors, the price of its stock has increased by 65 percent over the past two years. The dividend is $3.00-7.9 percent of current stock price of $38. If Ms. Goodman is not satisfied with 7.9 percent interest, maybe she ought to put her money in a bank passbook account at 4 percent.
Get real, Ms. Goodman, you are either a Commonwealth Edison employee or a major stockholder.
