Elizabeth City is calculating the effects of Profit as it relates to ElectriCities

Elizabeth City is calculating the effects of Profit from adding a premium to city utilities.  In there study only $15-17 dollars would be saved on average if they did away with the profit motive.

Elizabeth City is like all the other 31 towns and cities that buys electricity from ElectriCities.  They sell it at a small profit to make ends meet.  That money (profit) is . . . (Eastern NC Utility Forum – ENUF)

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ElectriCities

Rocky Mount NC – Utility bills strain weakened family budgets

When she received a nearly $500 utility bill from the city of Rocky Mount this past winter, Gloria Alston knew she had to juggle her finances.

She couldn’t cut off her heat.

Her 63-year-old husband, who lives in their Sunset Avenue home, is on blood thinners and an electric-powered breathing machine. (Rocky Mount Telegram)

Wilson NC – New CEO pledges to make NCEMPA competitive

Graham Edwards, the new chief executive officer of ElectriCities, said Wednesday he is committed to making the N.C. Eastern Municipal Power Agency more competitive and responsive to customers while meeting future challenges in the electric industry. (The Wilson Times)

Rocky Mount NC – Power agency won’t refinance bulk of debt

The ElectriCities issue is just so complicated. It seems to be no way out. I would love to see some community leaders from the 32 cities come together and talk about the issue. C. Dancy II – DCN Publisher

A citizen’s group advocating lower electric rates in Rocky Mount had hoped their goal could be accomplished by the refinancing of bonds funding power plants.

They learned Wednesday that would not likely happen.

“At this point, it is not a (financially) viable option,” said Tim Tunis, chief financial officer for ElectriCities, the administrative arm of the power company serving Rocky Mount. (Rocky Mount NC)

Wilson NC – Wilson activist taking a look back at the past year dealing with ElectriCities

Looking back over the past year we as citizens of Wilson and surrounding cities and towns was in an uproar about the large increases in our utilities. How quick we forget.

The more than $400.000 that was paid to the CEO. The bad deals that was made by him. The legal fees.

The pressure that we as citizen applied lead to the resigning of the CEO. How quick we forget.

Clay Norris $244,755.00 salary and the person who report direct to him also resigned.

All this came from people standing up and holding those who should be held accountable.

Now we are looking at new challenges. Electricities has a new CEO at more than $535.000 two different type bonus at 10% each car allowance put him at more than $600.000. How will Electricities pay this?

How is NCEMPA going to deal with this? Will they try to take back all the power they gave Electricities or should I say the Board of Directors. The board that voted on the packet that was given to Graham Edwards. How are we going to deal with this new challenge?

Yes we it is up to us to make the difference. How quick we forget. The middleman is just that. We need not look to our leaders they already voter for this. Out of 14 voting members of the board 11 yes and 3 no. We have the right to know how our elected official voted. As any time they vote on issuers that will affect us. I have not seen anywhere how he voted. He voted yes. How quick we forget.

No willingness to make a difference. We need not look to state or Fed to help we need to help each other. Lets work on the middle man. Lets not forget that we hold the power.

Ricardo Dew

Eaglechase Drive

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Wilson NC – Concentrate on changing ElectriCities board

Wilson NC – Concentrate on changing ElectriCities board

More respectable? Heck Mr. Dew has been very respectful. He has challenged the Wilson City Council and ran for mayor during the previous election. On top of his community activism, he is a hard working man who wants what is good for the community of Wilson and surrounding counties as it relates to ElectriCities and other issues.

Mr. Dew has been on top of the ElectriCities issue and has done some great research. He was hosting a daily radio talk show for a while educating folks about ElectriCities so therefore folks in Wilson should be up on the ElectriCities issues. C. Dancy II – DCN Publisher

Looking back over the past year, we as citizens of Wilson and surrounding cities and towns were in an uproar over the large increases in our utilities.

How quick we forget the more than $400,000 that was paid to the former ElectriCities CEO, the bad deals that was made by him and his legal fees. (Wilson Daily Times)

Tarboro NC – ElectriCities out of touch with us

I agree with Terry on this one. So former Rocky Mount Mayor Fred Turnage vote for and also Bruce Rose Mayor of Wilson. After all the hell we have been raising between these two cities these guys have the audacity to vote to pay this man all this money inspite of. Damn enough is ENUF. C. Dancy II – DCN Publisher

I did not find out about ElectriCities hiring a new CEO until I got back from vacation.

I was surprised as you were:

• Because the previous CEO was paid $458,002 after 13 years and that was controversial in the wake of rate hikes. T. Graham Edwards will be paid $530,000 per year plus $15,000 in business allowance, $10,200 car – and annual bonuses. (Keep reading because what I found out will make you angry.) (Read entire article Daily Southerner)

Wilson NC – ElectriCities CEO should like his deal

T. Graham Edwards said he is thrilled about the opportunity to lead ElectriCities.

I bet he is.

Five hundred and thirty thousands dollars a year and a $10,200 car allowance — what does he need to drive, a Ferrari?

In this era of cutting teachers and teaching assistants, . . . (The Wilson Times)

Rocky Mount NC – RE: Article “Where does your utility money go?”

Lets break this situation down in a nutshell.

TAXPAYERS NOT JUST RATEPAYERS

2009-06-07_15-40-25-688Over 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 the electric business in the first place.  It was a good way to make money: to have the city sell power to it’s residence. (ENUF)