Edwards, CEO of ElectriCities doesn’t lie, he just doesn’t always tell the whole truth.

The chief executive officer of Elizabeth City’s electricity supplier acknowledged this week that his recent dire warning about the potential costs of proposed federal “cap-and-trade” legislation didn’t account for offsets that would be available to some residential customers.

Graham Edwards, CEO of ElectriCities, made the concession after published remarks from a speech he gave in Elizabeth City last week sparked a response from U.S. Rep. G.K. Butterfield, D-N.C.