"Buffet's electric company in Iowa... There used to be 9 corporate-owned [electric] utilities owned in Iowa. They were rolled up into 2. The people in Johnson City... and 5 or 6 little neighboring communities got together and said, "We want lower electric rates. We've consolidated. Rates should go down." "No way," said the company. So they started organizing to buy out Warren Buffet's company and have municipal power. Everywhere in America that you have municipal power, it's cheaper than corporate [electric] power. Pretty soon they got advice and recommendations and help from the Iowa Association of Municipal Utilities... Two prominent Iowa legislators... had a bill that would tax these municipal power agencies, and would hamstring them from any change in their business model... in the future, and that unless they promised to never again help people try to buy out Mr. Buffet's company, they had the votes to get this enacted. ...[A]s Carol Spaziani, the... retired city librarian... and one of the organizers of this drive said, "...I turn on the television and here are these images and these news stories about this beneficent billionaire, Warren Buffet, who is giving away all of this money. What nobody writes about is how he's gouging the people of Johnson City with excessive electricity rates, and that's how he's making his money."