Atlanta Business Chronicle Reports on Cobb EMC Case and Opposition to Proposed Coal Plant in Sandersville, Georgia
Posted on Jan 21, 2011 in Legislative & Politics, Litigation, Project Development | Comments Off on Atlanta Business Chronicle Reports on Cobb EMC Case and Opposition to Proposed Coal Plant in Sandersville, Georgia
The Atlanta Business Chronicle has an article on how critics are using Cobb EMC’s recent legal issues to raise questions about Plant Washington – a proposed 850-MW coal plant near Sandersville, Georgia.
East Kentucky Power Cooperative Gets $43 Million Rate Increase
Posted on Jan 19, 2011 in Litigation, Rates, Regulation & Policy | Comments Off on East Kentucky Power Cooperative Gets $43 Million Rate Increase
Kentucky’s Public Service Commission has agreed to a $43 million rate increase for East Kentucky Power Cooperative. CNHI News Service notes that East Kentucky recently settled a lawsuit with environmental groups, in which it agreed to drop plans for a new coal-fired plant at its Winchester facilities.
Pedernales to Seek $8.8 Million in Restitution from Bennie Fuelberg
Posted on Jan 18, 2011 in Corporate Governance, Litigation | Comments Off on Pedernales to Seek $8.8 Million in Restitution from Bennie Fuelberg
The Statesman reports that Pedernales Electric Cooperative will seek to recover $8.8 million from Bennie Fuelberg, its former general manager who was recently convicted of felony theft and money laundering.
Atlanta Journal-Constitution Reports on Challenges to Georgia Coops
Posted on Jan 16, 2011 in Corporate Governance, Litigation | Comments Off on Atlanta Journal-Constitution Reports on Challenges to Georgia Coops
The Atlanta Journal-Constitution reports on the fall-out from the indictment of Cobb EMC head Dwight Brown, and efforts by advocacy groups to clarify access to Georgia cooperatives’ records and member lists during elections, among other proposals.
Atlanta Journal-Constitution: Cobb EMC CEO Dwight Brown Indicted on 31 Counts of Racketeering and Theft
Posted on Jan 7, 2011 in Corporate Governance, Litigation | Comments Off on Atlanta Journal-Constitution: Cobb EMC CEO Dwight Brown Indicted on 31 Counts of Racketeering and Theft
Dwight Brown’s attorney, Craig Gillen, states that he is innocent of all charges. The article is here.
The Weekly Observer Has Details on Santee Electric Lawsuit
Posted on Jan 3, 2011 in Corporate Governance, Derivative Suits, Litigation, Patronage Capital | Comments Off on The Weekly Observer Has Details on Santee Electric Lawsuit
The Weekly Observer (South Carolina) has a report on the origins of the lawsuit against Santee Electric Cooperative, including the role of an IRS form made available on the internet. The lawsuit against Santee by its members involves allegations of corporate mismanagement and a failure to return capital credits.
Pedernales Board and Members React to Fuelberg’s Conviction
Posted on Dec 21, 2010 in Corporate Governance, Litigation | Comments Off on Pedernales Board and Members React to Fuelberg’s Conviction
The Statesman and San Antonio Express-News have separate reports on the reactions to the recent conviction of Pedernales’ former General Manager Bennie Fuelberg.
Former Pedernales General Manager Sentenced to Probation
Posted on Dec 13, 2010 in Corporate Governance, Litigation | Comments Off on Former Pedernales General Manager Sentenced to Probation
A jury has sentenced Bennie Fuelberg, former general manager of Pedernales Electric Cooperative, to probation and a $30,000 fine.
Former Pedernales General Manager Convicted
Posted on Dec 10, 2010 in Corporate Governance, Litigation | Comments Off on Former Pedernales General Manager Convicted
The Statesman reports that Bennie Fuelberg, former general manager of Pedernales Electric Cooperative, has been convicted on all counts of theft, money laundering, and fiduciary misapplication of property. Fuelberg had been with the coop for 30 years, before stepping down in 2008.
Update on Coop Members’ Lawsuit Against Santee Electric Cooperative
Posted on Dec 8, 2010 in Corporate Governance, Derivative Suits, Litigation, Patronage Capital | Comments Off on Update on Coop Members’ Lawsuit Against Santee Electric Cooperative
The Weekly Observer (South Carolina) provides an update on the lawsuit brought by coop members against Santee Electric Cooperative. The article looks at coop members’ reaction to Santee’s recent audit report, which includes recommendations on board election bylaws and procedures. The lawsuit against Santee involves allegations of corporate mismanagement, as well as a...
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