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Wilson NC - (ElectriCities) So pay your way out however you still will pay another 10 years of services

Comments

Sue them

Submitted by James on Fri, 10/03/2008 - 9:08am.

find a way to sue Electricities for breaching the contract themselves ... for failing to fill their fiduciary responsibility to shareholders (i.e., ratepayers).


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Doubts about Dole?

Read the fine print

Submitted by Dan B on Fri, 10/03/2008 - 11:57am.

Read the fine print and understand the difference between the entities.

You're may be stuck with NCEMPA, but you may not be stuck with ElectriCities (no more than you are stuck with ElectriCities' management). The individual cities may have to purchase from NCEMPA for the next 10 years, but there is nothing that says NCEMPA must stay in business indefinitely or that NCEMPA needs to stay in the power generation business for the next 10 years.

Believe it or not, NCEMPA is yours. All you have to do is figure out the best way to eliminate that debt.

ElectriCities

Submitted by alman on Fri, 10/03/2008 - 5:11pm.

I think you may be right. ElectriCities is the membership group and that is where Tilton comes in. I don't think NCEMPA has to stay with ElectriCities or those it employs.

Al Manning, retiree, native of eastern NC and proud of it, plenty of time to read, research and get annoyed about the lack of accountability in elected leaders these days. Married to a real southern lady and we live with two labs and two airedales who run

ElectriCities

Submitted by alman on Fri, 10/03/2008 - 5:11pm.

I think you may be right. ElectriCities is the membership group and that is where Tilton comes in. I don't think NCEMPA has to stay with ElectriCities or those it employs.

Al Manning, retiree, native of eastern NC and proud of it, plenty of time to read, research and get annoyed about the lack of accountability in elected leaders these days. Married to a real southern lady and we live with two labs and two airedales who run

CSPAN Hearings

Submitted by alman on Wed, 10/08/2008 - 11:49am.

So how is Jesse Tilton different from the CEO of AIG? AIG CEO was at a resort and spa while his company was going down. Tilton was in New Orleans on vacation-work just before a rate hike was announced in Rocky Mount. On our tab.

Tilton is still traveling around on our dime while rates are being discussed and will go higher. I am shocked Tilton is not asking for a bailout of his refinance debacle (that was hidden for 9 months). Someone showed me the charts on the interest rate and clearly the rates were going up in October 2007 but Tilton did not sound the alarm until March and the board did not sound the alarm until June.

Al Manning, retiree, native of eastern NC and proud of it, plenty of time to read, research and get annoyed about the lack of accountability in elected leaders these days. Married to a real southern lady and we live with two labs and two airedales who run