"We just don't have any operating cash".
Those are the words from John Prinkki, president of Beartooth Electric Co-op, a member of SME.
According to this Tribune article, Beartooth customers have seen their power increase by 50%. The president blames the problems on financing complication caused by "environmentalists" who have challenged the air-quality permit. He claims this delay is the main reason for the increase.
Customers were told in September their rates would go up about 16%. Evidently, after that board meeting, it was determined the rates would be higher.
This does not come as a surprise.
3 comments:
The dog ate my lunch.
Why don't they just admit they don't know what they are doing and get on with securing contracts with legitimate power producers? They sure passed up some sweet firmed wind power deals a few years back, well below wet dream costs of a Highwood Generating Station.
Way to look out for your customers.
Thanks goodness courageous citizens spoke out to stay out of
the project as much as possible....and WHO, just WHO authorized the city to join any suit by SME against Yellowstone Valley electric? We'll see..
Tim Gregori leads the lemmings to their demise. At least the Yellowstone folks saw where this all was going and is trying to escape before the collapse, which is coming......
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