web analytics
September 1, 2015 / 17 Elul, 5775
At a Glance
News & Views
Sponsored Post


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.

Current Top Story
President Obama in the fog.
US Says It Doesn’t Even Know How Many Americans Live in West Bank
Latest News Stories
Lunchbox Restaurant in Tel Aviv.

Bringing your own sandwich to a restaurant would appear as the height of chutzpah, but not any more—at least not at Lunchbox…

President Obama in the fog.

State Dept, seems surprised when being told how many Americans live in Judea and Samaria.

Maryland Democratic Senator Ben Cardin.

He says he still has not made up his mind but that Obama will win the magic number of 34 to override a veto.

.

President Ruby Rivlin opened the new school year with new first grade students at the Mamad Shilat school in the Jewish town of Paduel in the Shomron, on September 1, 2015.

When Minister Erdan introduced Brig. Gen. (Res.) Gal Hirsch as his pick for the next Israeli police commissioner, his decision provoked angry reactions from several segments of the Israeli public.

The Greek Coast Guard may have prevented massive terrorist attacks in Libya Tuesday with the seizure of a vessel carrying explosives and weapons suspected of being linked with the Islamic State (ISIS). Greek media reported. Authorities said more information would be released later. Initial suspicions are the that the cargo was being shipped to Libya […]

The victims were burned alive while hanging upside down. ISIS said it was in revenge for Shi’ite executions

Opposition MK Avigdor Liberman strongly criticized Netanyahu for making the agreement.

On Tuesday, September 8, participants in this historic event will unite to pray for the safety and well-being of the Jewish nation.

Any SanDisk employee who can successfully headhunt and bring another worker to the company will receive a bonus of nearly $2,000 (20,000 shekels), the flash memory developer’s Israeli division said. The demand for high-techs employees in Israel far outstrips the supply, and SanDisk is looking for 90 new engineers and R & D departments in […]

The university claims there was a mix-up between “Obama” and the “Obama Foundation” retaining a presence on campus.

Showers installed in front of Auschwitz are simply a ‘public safety measure’ to ward off the summer heat, says the museum.

Turkish officials helped return the 21-year-old man, the Foreign Ministry announced Tuesday.

White supremacist Frazier Glen Miller Jr, gave the Nazi salute to jurors who ruled him guilty of killing three in Kansas City.

PMO spokesman Mark Regev is formally appointed Israel Ambassador to England.

More Articles from Tzvi Ben-Gedalyahu
President Obama in the fog.

State Dept, seems surprised when being told how many Americans live in Judea and Samaria.

Maryland Democratic Senator Ben Cardin.

He says he still has not made up his mind but that Obama will win the magic number of 34 to override a veto.

The victims were burned alive while hanging upside down. ISIS said it was in revenge for Shi’ite executions

The university claims there was a mix-up between “Obama” and the “Obama Foundation” retaining a presence on campus.

Turkish officials helped return the 21-year-old man, the Foreign Ministry announced Tuesday.

Obama knows how to capitalize on the bulk of American Jews, who want Israel to be a nice Jewish boy that doesn’t make them feel uncomfortable President Barack Obama declared that American Jews’ concerns are like those of Afro-Americans and other Americans, indicating that Israel is not one of those worries. He unsurprisingly chose the left-wing […]

“It cannot be that in one moment of diplomacy, the reality is changed so completely.”

The management of the former death camp says there was no intention to remind people of the gas “showers.”

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: