Pedernales Coop Board Expresses Cautious Support For Regulation Bill
Posted on Apr 19, 2011 in Corporate Governance, Legislative & Politics, Regulation & Policy | Comments Off on Pedernales Coop Board Expresses Cautious Support For Regulation Bill
Members of the Texas-based Pedernales Electric Cooperative board of directors said Monday that they will support Senator Troy Fraser’s latest attempt to impose state regulation on the coop if he addresses some concerns about the bill first. Pedernales continues to recover from a scandal that exposed closed-door practices, excessive spending and criminal activity. As some members noted at Monday’s meeting, however, Pedernales is not the same cooperative it once was. The Statesman has the breakdown on the change in the position taken by the once-embattled cooperative.
