New Mexico Coop Clashes With Critics Over Records Requests
Posted on Apr 19, 2011 in Corporate Governance, Litigation, Rates | Comments Off on New Mexico Coop Clashes With Critics Over Records Requests
Coop members who have requested records from New Mexico-based Kit Carson Electric Cooperative in preparation for an upcoming rate case say the coop is unfairly refusing to release the requested records. After hundreds of Kit Carson members protested a proposed rate hike, the New Mexico Public Regulation Commission, in January, ordered an investigation into the rate increase. Many of the records purportedly requested relate to the coop’s propane and Internet businesses, as well as a multi-million dollar regional command center, which have all been derided by coop critics for losing money and allegedly prompting the need for the current rate increase. The Taos News has the full breakdown of the dispute.
