April 14, 2009

Pedernales Electric Cooperative Needs to Stand Spread-Eagle Against the Wall and be Frisked

Why is so little being done to punish PEC perpetrators?

by Peter Stern

Unfortunately, there still are too many mirrors and too much smoke hovering around PEC. Legislators and the court system are taking too much time to make PEC and its former leadership accountable to its members. Stolen money needs to be returned to cooperative members with interest.

PEC members have been ripped-off in the millions by former CEO and Board members. Maybe those former PEC “leaders” should be forced to provide restitution directly to coop members. Where is the justice? What happens after lawmakers adjourn the 81st Legislative Session? What relief is there for PEC members from their ongoing sky-high monthly electric bills? Why are wealthy CEO's and Directors treated differently by the courts than the rest of us?

Maybe members should receive months of free electricity to make up for the incredible monetary theft and damage perpetrated by those former leaders, which also encouraged the current trust issues of PEC management and direction.

We have a long way to go. Members still are getting ripped-off every month with the high cost of electricity provided by PEC.

Recently we were told by PEC that it had entered contracts to provide “cheaper” electricity to its members starting in 2010.

What about right now? How is PEC helping members to get more affordable costs of electricity?

Apparently, we need lawmakers to provide more regulation over the electric industry, especially for cooperatives since these entities “march to the tune of a different drummer” than the rest of the industry. However, state lawmakers remain passive, by continuing to keep a “hands-off” status re: PEC and other electric cooperatives.

The court system needs to rise-up and protect the people of Texas against corrupt leadership in the electric industry. Thus far, regarding PEC, courts have NOT acted honorably on behalf of the cooperative's members.

Bottom-line is that electricity should be cheaper for most Texans and PEC in particular has a long way to go in making amends to its members before it can shake-off its long-time image of “rip-off artist”. Right now, the problem is in the hands of Texas lawmakers and state courts who do NOT have a good track record against the electric industry and doing what is right for the Texas community.

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Posted by pstern at April 14, 2009 08:13 PM

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Comments

Speaking of electric rates, I thought this site was fun: http://www.whitefence.com/

It requires street addresses, but doesn't seem to mind if you fabricate them, so go ahead and punch in the cities (nationally) you want to compare.

Posted by: Amerloc [TypeKey Profile Page] at April 14, 2009 09:15 PM

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