Jun 03 2008
ElectriCities beach party in August
ElectriCities Annual Meeting 2008 will be held August 8-9, 2008 at the Marriott Grande Dunes Resort, Myrtle Beach, SC.
Please call Ken Raber, Senior Vice President, NCEMPA Operations/ElectriCities Services and Annual Meeting Project Manager at 1-800-768-7697 ext. 6218 for information.
And to think they had to make major rate increases to pay for this party and to help cover the costs of their bungled refinancing effort.
but the best part is that Dan Blue attends and dances the night away with them and their lobbyists at this party. There are pictures. where can they be sent
Dan Blue has also been paid by ELectriCities to be a panelist at their annual meeting on numerous occasions even though - taaadaaa He does not represent an electric city - i.e. no constiutents for this cause. Staff reported this fact so we need to ask him for full disclosure as in what was he paid.
haydon in kinston wrote:
To understand the need for rate increases, take a look at the “compensation packages” of those who run Electricities. Their pay and benefits are high! No wonder we need to send them more money. I recall that some years ago they and their spouses spent a weekend in Orlanda - $43,000 it cost I believe. How about reporting to us what money they are raking off the top? Do the individual towns have any say on the board or do we just follow along?
6/3/2008 4:15:22 AM
My solution is much tougher ethics laws. It seems that Blue is violating the spirit of the law if not some ethics law on the book now.
Terrell III for State House
Republican nominee for the 33rd district-North Carolina State House
4549 Tollington Drive
Raleigh, NC 27604
919-523-0304 Cell
http://terrellforhouse33.blogspot.com/
Paul Terrell III is a conservative blue collar worker who will do things in Raleigh for House district 33’s citizens.
‘Of the four wars in my lifetime, none came about because the U.S. was too strong.’
- Ronald Reagan
interesting post
this is about Tilton
“Apparently working equally hard to justify himself to his members. Wow. He hasn’t put in this many hours in 10 years.
But his personality is antagonizing and arrogant so reaction is probably doing more harm than good and calling more attention to himself. But, hey, maybe he wants that. If his juicy contract has a buy out he may be looking for the multi million dollar exit strategy - whatdoyouthink”
Using the Pittenger Ad ….
the ElectriCities CEO and his friends are piggin out in Raleigh and beyond
$50,000 for past trips to Orlando, Seattle, San Antonio, Anaheim and this year RIGHT BEFORE the rates are announced …. New Orleans
$100,000 for annual meetings at resorts in non electric cities like Myrtle Beach, Asheville
Hundreds of thousands of dollars in legal settlements and hundreds of thousands of dollars in excessive raises and hundreds and thousands of dollars wasted on a bad refinancing of the debt .. oops I mean millions wasted on the last one.
Thousands on legislators who did their bidding.
B Al Manning
Jesse Tilton came to Tarboro this week to spin some tales about electric rates. One citizen wrote “In any case, apparently his reason for being at last night’s meeting was to get the town council members to voice their support for some specific legislative issues. I guess he was doing what would be called lobbying. He talked a lot about rising costs of this and that and how the lending industry is all screwed up which in turn has affected the pocketbooks of many other industries.”
Jesse Tilton was trying to impart to the good people of Taroro why the electric rates are going up so dramatically, And will go up even more, putting this town, Wilson and all of the other eastern NC towns at a competitive disadvantage. The reason it did not click is he spins things and talks down to confuse because he is covering the simple truth. Yes, there is pending climate change legislation that DID NOT pass in Congress yet, but more importantly, he refinanced the debt of 32 cities - the almost $3 billion debt for the coal and nuclear plants not due to be paid until 20205 - in a swap and the variable rate rose quickly and started costing millions each month. So, he found out in October, sat around while millions were raking up and then told Sam Noble and his board in March.
Now your rates are increasing 3 percent because of all those interest costs. Just as if you had borrowed on a credit card with an increasing interest rate and saw it happening but did not tell your spouse until it was out of control. So Electricities had to go refinance again and spend more money. You and me and the other tax payers will now pay for it. He was spinning his tale of the home loan industry affecting others like our electric industry instead of telling you straight up what he did. If you don’t believe me, ask Sam Noble. Call Ken Raber. Call Bruce Rose. But if you ask Jesse Tilton you will never get the truth, just rehtoric. And if you don’t believe that, ask any legislator. Attend the rate meeting june 27 so you can ask about your electric bill. If we do not get the truth city officials and others will continue to sit on it covering their own failure to act. This is money out of your wallet and he is digging in now but will dig harder next time. In this time of economic upheaval, we need to deal with fair and honest entities, and this organization can hardly be called that at this point. Attend the rate committee meeting in rocky mount. Demand truth. Dmeand accountability. ANd demand a change in leadership at ELectriCities.
If we don’t what will it be next time? And the state of nC is responsible for this debt so everyone could be paying.
The only oversight for this entity which sets the wholesale rates that get passed to our cities is its Board of Directors, made up of town managers, utility directors, mayors who know very little about the tecnicalities involved in energy policy, economics for the electric industry, trends, regulation. Just ask specific questions and you will see what I mean. This is meant as no offense to them but they are relying on the staff. And what if the staff is not on the up and up with them? That is the case with Jesse Tilton and some of his staff.
So while the other electric providers are regulated by NCUC and the General Assembly for legislation, this group has no expert oversight and clearly some is needed. The board approved a synthetic swap that was a bad decision and has come back to haunt us all with soaring rates.
Attend the rate committee meeting so you can see all of this first hand. Protect Tarboro and its future. Participate and join the call for management change.
June 15, 2008 | allison