While different matters were addressed at the recent Arab Electric Cooperative meeting, the one members should be most pleased about is that general manager Scott Spence expects no need for a rate increase in the foreseeable future.
He said that’s despite a small but dwindling negative balance in net income.
And, that’s despite “a ton” of money being dumped into safety training, environmental compliance and retooling, he said.
The reason for Spence’s optimism about AEC’s net income situation is that he keeps finding money.
“Not a week has gone by yet where we haven’t found something,” he said, regarding previous accounting errors and, in some cases, just a plain lack of competence of former staffers.
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