tag:blogger.com,1999:blog-1773607226912148245.post5408488401878483668..comments2022-12-10T07:54:47.994-10:00Comments on Energy Dynamics: Update: LOL PetitionEnergy Dynamicshttp://www.blogger.com/profile/07967894089026188577noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1773607226912148245.post-18840822414733972642015-09-29T14:51:42.015-10:002015-09-29T14:51:42.015-10:00Absolutely. Take KIUC as an example. Many said at ...Absolutely. Take KIUC as an example. Many said at the time of negotiations and the sale "I'm all in favor of a co-op, just not THIS co-op."<br />Although it has evolved into an elected board whose actions now, if not reflect, are at least responsive to members' (ratepayers') priorities that took almost 15 years. <br />It took that long because of what proved to be a huge over payment (estimated to be $70 million even after the first reduction) as compared with actual value of the asset. That included an "unexpected" bill for the all of the repairs after the hurricane (which could have and should have been anticipated but that was, for political considerations, never even considered much less anticipated) assets (such as the old `Ele`ele plant itself as well as the toxic waste dump under it as revealed in a consultant's report at the time) that proved to be liabilities, a politically appointed governing board of questionable (to be charitable) competence and trustworthiness as well as other problematic matters concerning transparency that effect decision making to this day... making for a legacy of no confidence among members. <br />Andy Parxhttps://www.blogger.com/profile/15398587036690312685noreply@blogger.com