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Stantonsburg board considers rate increase
The proposed five percent electric rate increase in the 2009-2010 budget was part of several upcoming energy changes that may occur in the Town of Stantonsburg. A letter agreement with Progress Energy was a related topic of discussion. The letter would signify the town’s commitment to the use of a certain amount of renewable resources.…
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Ratepayers Understand Economic Issues
From the Daily Southerner
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RE: Article “Where does your utility money go?”
Lets break this situation down in a nutshell. Click here for Rocky Mount Telegram article TAXPAYERS NOT JUST RATEPAYERS Over the years millions and millions of dollars have been diverted from the utility fund and gone directly into the City general fund to cover expenses. That’s the real reason all of these cities got into…
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ElectriCities: Edward’s First Day
The following is an old post from Taxpayers Against ElectriCities. Some of not most of what they say is still valid today. As the new CEO starts his job we suggest he Cleans house and start over. And, don’t fall into the same trap as Jessee Tilton. And, in case any body forgot about the…
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Summary of Material Terms of CEO Contract
This was faxed to us today from the ElectriCities attorney’s office. It is the terms of the contract for Graham Edwards, new CEO to begin June 22.
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T. Graham doesn’t play well with Governors
If you’re a governor of a State associated with T Graham Edwards (new Electricities CEO), you’ll know the T doesn’t stand for Teddy bear. Edwards doesn’t have a problem standing up for his companies even against state governments. The whole question now becomes…is he going to stand up for the ratepayers of eastern North Carolina?…
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Not A Bad Package In A Down Economy
Graham Edwards annual comp package: Base salary: $535,000 Incentive bonus: 10 percent of base salary ($53,500) Retention bonus: 10 percent of base salary ($53,500) Severance benefits: payable in the event of termination without cause. Includes the most recent base salary, incentive and retention bonus. Legal expenses: reasonable fees if terminated without cause and customary amounts…
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What Happened in Statesville May Happen Here
As weatherization money flows from the Federal Government that is a decent chance that it may work. Weatherization project goals are geared to decrease the consumption of electrical needs of ratepayers. Most Cities in both the western and eastern power agencies depend on utility revenue to balance their budgets. Rocky Mount and Wilson is no…
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ElectriCities Hires Graham Edwards as CEO
We reported on this last week when we mentioned it regarding our video on the NCEMPA Board Meeting. Edwards base salary will be $535,000 a year plus benefit package (including severance). Edwards worked at Midwest ISO until his retirement. He retired to South Carolina. Edwards starts June 22nd. Read the Press Release From Electricities Click…
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Duke Wants 12.5% Rate Increase
Historically, these companies usually all follow around the same time such as Duke, Progress, Dominion, and ElectriCities. Art Hubert, interim CEO of ElectriCities was asked last week about a rate hike and he didn’t discount the possibility. Click the picture to see the article
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Geo Fish 