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

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 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.

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”

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