Wow. Rochelle, writer for Wilson Times, sure did drink the ElectriCities cult kool aid with her story about how great things are with the NC Eastern Municipal Power Agency - November 2007.
Rochelle wrote: "Part of the budget, $10.9 million, goes toward NCEMPA power agency services, including $5.2 million in personnel costs for 100 employees, Tilton said."
How vague is this?? Let's see the CEO makes $500,000 and the secretaries make $50,000 .. yes, I guess that pans out in this magical math.
"Personnel costs will increase by $256,166, partly because of 3.8 percent in merit increases, some dollars for retention and $92,751 for three new employees. NCEMPA plans to hire an energy auditor, retail development specialist and a part-time human resource worker."
Let's see, they say 3.8% but then give certain CEOs and senior staff 15-20% increases so that means someone is not getting the average. More smoke and mirrors. Let's check back and see what they really hire and how much they pay. Rochelle- did you think of asking for the salaries and the adjustments made last year? Or was the kool aid so tasty, it made you forget how to do any decent reporting?
"NCEMPA originally planned a 2 percent decrease in its wholesale rate in 2010 but those plans have since been abandoned due to increased operational costs."
I guess so - with a CEO making $500,000, I guess you do have "increased operational costs." You could probably hire Donald Trump for less money.
"The cost of electricity in Wilson and the amount customers pay is connected to the city's participation with NCEMPA. NCEMPA is one of two municipal power agencies of ElectriCities, which represents more than 90 members in North Carolina, South Carolina and Virginia."
The elected officials in Wilson drank gallons of the kool aid because the rates could go down if the operational costs go down, duh.
"Being a part of NCEMPA has provided the city with power for decades and also locked it into a long-term loan agreement, which extends to 2026."
Well now that is the first time I have heard BILLIONS of dollars of debt called a "loan agreement."
"NCEMPA's debt is $2.67 billion, of which Wilson's portion is $413.3 million. Wilson electric customers pay 37 percent of their electric bill toward that long-term debt."
Rochelle - let's get some perspective - 37% of my bill goes toward debt and what percentage goes to paying for the CEO Jesse Tilton's salary disguised in the operational cost increase. Listen up Wilson, you are paying his salary - what has he done for you lately? and for that matter, the rest of the overpaid staff.