The Political Agitator’s response: I am so glad to have been a part of finding out about ElectriCities back in the early 2000’s. Carol Batchelor, Lewis Turner, Andre Knight, myself and a couple of others in our group held a meeting at Truth Tabernacle and this is when we found out there was such a thing as ElectriCities. After that time there were a series of meetings held as we learned more about ElectriCities. Thanks to former Rocky Mount City Councilwoman now Senator Angela Bryant and especially Rocky Mount City Councilman Andre Knight who replaced Bryant on the NCEMPA North Carolina Eastern Municipality Power Agency Board where Knight fought hard dealing with trying to lowering of the light bill. Now we didn’t see the merger coming to help with accomplishing mission of lowering the utilities.
ElectriCities has jumped another hurdle in the race to lower power rates for Rocky Mount, Tarboro and other Eastern North Carolina municipalities.
In order for an energy asset sale to Duke Progress Energy to be finalized and electric rates to drop all 32 members of ElectriCities’ N.C. Eastern Municipal Power Agency had to sign off on the deal.
Rocky Mount approved the sale May 11. Tarboro approved the sale June 1. The final municipality approved the deal late last week.
“This marks another major milestone towards the completion of the transaction,” said David Barnes, chief legal officer for ElectriCities.
The asset sale was enacted by the N.C. General Assembly and signed by Gov. Pat McCrory in April.
The asset sale and approval of bond issuance to lower debt had overwhelming support from the municipalities anxious to close the transaction and the lower wholesale costs, Barnes said. (Source: Read more)