- City Utilities of Springfield, Missouri
- United States of America
United States antitrust law is a collection of federal and state government laws, which regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers.
The main statutes are the Sherman Act 1890, the Clayton Act 1914 and the Federal Trade Commission Act 1914. These Acts, first, restrict the formation of cartels and prohibit other collusive practices regarded as being in restraint of trade. Second, they restrict the mergers and acquisitions of organizations which could substantially lessen competition. Third, they prohibit the creation of a monopoly and the abuse of monopoly power.
The Federal Trade Commission, the US Department of Justice, state governments and private parties who are sufficiently affected may all bring actions in the courts to enforce the antitrust laws. The scope of antitrust laws, and the degree they should interfere in business freedom, or protect smaller businesses, communities and consumers, are strongly debated. One view, mostly closely associated with the "Chicago School of economics" suggests that antitrust laws should focus solely on the benefits to consumers and overall efficiency, while a broad range of legal and economic theory sees the role of antitrust laws as also controlling economic power in the public interest.
As American citizens, we are protected by law, against monopolies and price gouging. Springfield City Utilities has enjoyed a number of years, without competition, and has raised our necessary-to-life utility costs at an outstanding rate. They have engaged in unreasonable price-gouging; enjoying the fact that they have no other energy suppliers to compete with. Who loses? We do. The poor people suffer and pay a huge percentage of their income (mostly fixed income) to this heartless organization. City Utilities of Springfield has millions of dollars on reserve and enjoys raising prices for utilities at an unfair rate because no one is speaking out against them.
It is time for us to unite and make our voices heard that we will not be taken advantage of. We work hard for our money and corporate greed is disgusting.
We, the undersigned, call on the government of the state of Missouri to file an action and investigate the City of Springfield Utilities Company for operating a monopoly and for price gouging consumers.
City Utilities of Springfield, Missouri has taken advantage of its consumers and has unreasonably raised utility rates during the last four years.
This has caused underpriviledged citizens an undue hardship.
The Fight Against Springfield City Utilities Price Gouging petition to City Utilities of Springfield, Missouri was written by Shannon Adam and is in the category Consumer Affairs at GoPetition.