web analytics
October 25, 2014 / 1 Heshvan, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



CHELM

Israelis May Off PA Debts by Paying More for Electricity

The wise men of Chelm have a nifty solution to pay off Palestinian Authority debts for electricity. Use funds collected for the PA or use US aid? Nope. Just make Israelis pay more for electricity.
Ramallah multi-million dollar mall runs up PA debts for Israeli electricity

Ramallah multi-million dollar mall runs up PA debts for Israeli electricity
Photo Credit: Flash 90

Following Washington and Jerusalem’s decisions to fork over more money to the debt-ridden Palestinian Authority without requiring it to pay off its debts to Israel for electricity, the Israel Electric Corp, is considering raising electricity rates for Israelis to cover Ramallah’s debt.

Israel supplies almost all of the electricity for Jews and Arabs in Judea and Samaria. The Palestinian Authority and the Jerusalem District Electricity Company are responsible for collecting money from Arabs and paying Israel.

After PA Chairman Mahmoud Abbas again violated the Oslo Accords last November, this time by going to the United Nations General Assembly for a resolution recognizing the Palestinian Authority on its own terms, Finance Minister Yuval Steinitz triumphantly stopped the monthly transfer of tax money Israel collects for the PA and handed over the cash to the Israel Electric Corp. to pay off most, but not all, of the constantly growing debt of the Palestinian Authority for electricity.

That was before President Barack Obama visited Israel and softened up Prime Minister Netanyahu to make another one of countless “goodwill” gestures to Abbas and release monthly tax revenues.

Of course, Abbas has other sources to pay off the debt for electricity, such as the American taxpayer.

But the Obama administration, Washington’s version of Chelm, thinks that American money should be used to help Abbas to bloat his debt instead of paying it off.

After the president’s return to the United States, he came up with his own goodwill measure, and with the kind support of U.S. Secretary of State John Kerry, the United States freed up $200 million for direct financial support for the Palestinian Authority budget, no strings attached.

Following Israel’s Cabinet decision to free the tax revenues, Israeli Electricity Corp., sources told Israel’s Globes business newspaper that the company now has less of a chance to collect money from the Palestinian Authority. “If there is no alternative, the utility will have to record the debt in its books as lost debt and ask the Public Utilities Authority to recognize it as an expense to be covered by electricity tariffs,” according to the newspaper’s website.

Rates will have to be increased approximately 3 percent for one year to cover the debt, but that is only for electricity and does not cover other PA debts.

Three percent would not be so bad by itself, but it would come on top of a 6.5 percent hike that was approved only two weeks ago.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Israelis May Off PA Debts by Paying More for Electricity”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Israel's Minister of Defense Moshe Ya'alon, visiting the family of  IDF Golani Brigade soldier St.-Sgt. Oron Shaul in the northern village of Poria on August 10, 2014. Shaul was killed by Hamas in Gaza during Operation Protective Edge.
State Department Continues Grudge Match Against Ya’alon
Latest News Stories
Israeli police shoot tear gas to disperse Arab rioters throwing rocks after Friday prayers in Arab neighborhoods n Jerusalem.

Arab youth are trying to spark a widespread intifada but so far have failed.

Broken headstones and monuments in the Mount of Olives cemetery.

Jewish headstones and monuments were smashed, broken and knocked over. Firebombs were thrown into the cemetery.

The Galil Medical Center has treated 408 wounded Syrians to date.

At least 14 people have been killed in Tripoli battles.

The US sends its “condolences” and urges “all parties…to avoid escalating tensions.”

Kerry snubs Ya’alon, but the Israeli D.M. gets great press coverage in leading U.S. newspaper.

India has chosen to purchase Israel’s Spike anti-tank missiles after rejecting a competing offer for US Lockheed Martin’s Javelin missiles.

The first of 2 nurses to contract Ebola in Texas has been cured. NY and NJ have begun quarantining health-care workers returning from West Africa.

“Mourning” a terrorist means carrying the torch of terror.

Israel changes it clocks Sunday morning at 2 AM.

Terrorist attack in NYC and in Canada came after ISIS urged Muslims in the West to strike police and soldiers.

“For these international artists, the history and heroism at Masada together with performing at the lowest point on earth – 424 meters under the sea – is something that is truly unique,” Yossef explained.

At best, the Hareidim have been eating “Heter Mechira”. At worse, they’ve been eating vegetables grown in sewer water or pesticides from unknown and unsupervised Arabs fields.

Israelis protest at Jerusalem’s Ammunition Hill train platform where an Arab terrorist ran over a group of commuters, killing a 3 month old baby. They are carrying signs, “Death to Terrorists”.

The U.S. Embassy in Tel Aviv has prohibited its personnel from riding the Jerusalem light rail train from French Hill to Pisgat Ze’ev, in northern Jerusalem, for 30 days because of the terrorist attack this week that killed a three-year-old American-Israeli. It was a typical U.S. Embassy reaction – every time there is a serious […]

More Articles from Tzvi Ben-Gedalyahu
Israeli police shoot tear gas to disperse Arab rioters throwing rocks after Friday prayers in Arab neighborhoods n Jerusalem.

Arab youth are trying to spark a widespread intifada but so far have failed.

Terrorists attack Israeli soldiers with a Molotov cocktail in Arab village near Ramallah.

The US sends its “condolences” and urges “all parties…to avoid escalating tensions.”

“Mourning” a terrorist means carrying the torch of terror.

The U.S. Embassy in Tel Aviv has prohibited its personnel from riding the Jerusalem light rail train from French Hill to Pisgat Ze’ev, in northern Jerusalem, for 30 days because of the terrorist attack this week that killed a three-year-old American-Israeli. It was a typical U.S. Embassy reaction – every time there is a serious […]

More hopes, prayers and tears one week after a deadly blizzard and avalanche.

They had to use a magnifying glass to read the letters.

Officials preach calm but are frantically trying tracing every step the doctor took in the city.

Kerry still thinks Muslim terror in Israel is different from elsewhere.

Printed from: http://www.jewishpress.com/news/israelis-may-off-pa-debts-by-paying-more-for-electricity/2013/03/29/

Scan this QR code to visit this page online: