👋 Longtime New Yorker here and new home owner. We purchased a house in NYS and have received 3 electric bills so far and I’m in utter shock. For 2.5 months the house was unoccupied, thermostats set between 40-50 (we do have electric heat) with one light on. Here’s what we’ve been billed by NYSEG so far:
2 weeks of usage - approximately $900
Jan - approximately $2,000
Feb - approximately $3,400
Called the company multiple times and was told “that’s the rate”. Not surprised by the scripted and unhelpful answer. Curious to see how many fellow New Yorkers are feeling the pain, and looking for real answers on what’s truly behind the significant cost increases. You’d think for that kind of money the house would at least feel warm. Instead, it feels like we’re getting robbed. @NassauExec
@Alpaca_Capital@ChrisDeMuthJr Only thing of value is their order book as their existing portfolio isn’t great.
As an aside, sent you a DM about something separate if you don’t mind checking @Alpaca_Capital
@Alpaca_Capital@ChrisDeMuthJr Very few players who could bid alone imo. It would likely be Middle Eastern money if anything. Most investors don’t realize that there is zero succession plan at AL makes it a zombie platform post-Hazy and Plueger.
@blondesnmoney Willis effectively has to exercise the call option or they get blacklisted from the JOLCO market. It’s basically cheap 100% financing. Has been about 3-4% all-in for 10-12 year term, at least on the aircraft side of things. Not sure what terms Willis gets.
@blondesnmoney Would be the former. Depending on structure, Willis likely is either the 1) lessee to Japanese equity, with an already existing airline facing Willis (Japanese take Willis credit risk), or 2) servicer between Japanese equity and airline lessee
@puppyeh1@BillBrewsterTBB Regarding $AER and widebodies, the value trap is more the lack of airlines who can operate as a follow-on lessee and high cost of transitioning the aircraft to a new airline (8 figure cost), makes it imperative to sell the asset with lease attached or low NBV to not impair