As we said in yesterday's column, the Labor Department just published December 2016's Consumer Price Index. The CPI for all consumer goods and services was up 2.1 percent from the prior December. The CPI for residential electric service was up 0.7 percent. 

The wide gap between the CPI for all goods and services and for electric service, 1.4 percent, means the real price for electricity fell significantly. 

The Labor Department just published December's Consumer Price Index. The CPI for all consumer goods and services was up 2.1 percent from the prior December. The CPI for residential electric service was up 0.7 percent. 

The wide gap between the CPI for all goods and services and for electric service, 1.4 percent, means the real price for electricity fell significantly. 

The fall in the real price for electricity is clearer when we look regionally. 

"Saving Private Ryan" won five Academy Awards, including Best Director (Steven Spielberg). The 1998 flick was about the post D-Day search for Private Ryan (Matt Damon), who lost three brothers in combat. 

There was this memorable scene:

Sometimes we get a little carried away with notions about our electric industry infrastructure being out of date. Some commentators have used the statement: 

"Thomas Edison would likely recognize much of today's infrastructure"

as some sort of proof of technological deficiency. Well, I do not believe it is correct, much less proof of obsolescence. 

December 2016's Producer Price Index, and its components, was published by the Labor Department on January 13. 

In the list of final demand, residential electricity was up just 0.6 percent in December, as compared to the prior December. While residential natural gas was up 8.2 percent. 

Overall, final demand goods - from pork to pet foods to pumps - were up 1.9 percent. Final demand services - from lawn equipment retailing to life insurance to legal services - were up 1.5 percent. 

We've been writing this week about how electric service has never been cheaper for the American consumer than in November. 

Never, ever, over the last 695 months, since January 1959. 

The Commerce Department publishes each month an extraordinarily detailed table on Americans' personal consumer expenditures. Its latest release shows that the share of consumer expenditures spent on electric service was an all-time low, 1.30 percent. 

We are the champions.
We are the champions.
No time for losers.
'Cause we are the champions of the world.

As we wrote yesterday, electric service has never been cheaper for the American consumer than it was in November. Never. Ever. 

Over the last 695 months! Since January 1959, when The Chipmunk Song and then Smoke Gets in Your Eyes made it to the top of the Billboard Hot 100.

Celebrate, celebrate, dance to the music.
Celebrate, celebrate, dance to the music.

Electric service has never been cheaper for the American consumer than it was in November. Never. Ever.

Per the U.S. Commerce Department, specifically its Bureau of Economic Analysis. Since January 1959, monthly, the Bureau publishes an extraordinarily detailed table on Americans' personal consumer expenditures. To estimate the Gross Domestic Product.

On the first day of Christmas
my true love sent to me:
The filing in a new docket

On the second day of Christmas
my true love sent to me:
Two cost of capital testimonies
and the filing in a new docket

Luckily for former Texas Governor Rick Perry, he's not the first nominee to be Secretary of the Department of Energy to call for the abolishment of that department. That honor goes to former Michigan Senator Spencer Abraham who, while a member of the Senate, actually co-sponsored a bill to abolish the Department of Energy!

Abraham writes about this curious episode is his very readable and useful book Lights Out: The Ten Myths About (and Real Solutions to) America's Energy Crisis, St. Martin's Press, 2010.