By: Sparky

Sparky — Fri, 04 Jan 2013 15:53:29 +0000

As usual, Mr Prada offers no solutions and has yet to announce his candidacy of a board position as an agent of change. Hopefully, he will spend some time with GDPUD as their board now has a majority composed of spiritual brethren. Turnover is already happening and it will be interesting to see the pay rates of the mandated replacements. Regulations are increasing at an increasing rate from the state and it’s unaccountable agencies. It would be more productivity to attack the source of the issues rather than locals. The system is broke, but the fixes start in the the state legislature. Mr Prada the Divide is calling and I hear that they have a couple of open leadership positions….

By: Greg Prada

Greg Prada — Fri, 04 Jan 2013 13:31:53 +0000

This Mountain Democrat headline and story slant again misleads the Public as to EID’s rate hikes:
1) EID’s rate hikes are not just a TWO year trend…EID’s Board-approved FIVE year water rate hikes for 2010-2015 total 102%.
2) 31% of rates go to pay for EID’s lavish $49,000 per employee benefits and per employee paid time off of up to 50 days annually.
3) EID’s bloated annual overhead has increased $10 million under the current Board majority and costs far more to current rates than the regulatory requirements the Board majority like to blame instead of themselves.
4) gross operating spending (before accounting gimmicks) has INCREASED $5.3 million/13% annually since 2010 under General Manager Jim Abercrombie.
5) EID continues to deficit spend $15 million annually and plans to raise another $60 million new debt instead of balancing its budget with true bottom line spending cuts.
6) EID accounting gimmicks camouflage additional major cost liabilities including $53 million of unfunded pensions and medical costs and $16 million of deferred debt repayments that irresponsibly are being left for future General Managers and Boards to address.
Mountain Democrat Editor Michael Raffety does the rate paying public no favors by falsely implying EID’s bottom line costs have decreased instead of aggressively reporting EID’s abject financial failures… including the ticking financial time bombs EID’s Management and Board irresponsibly are failing to diffuse.

Comments on: No. 6 EID rate hikes a two-year trend

By: Sparky

By: Greg Prada