Wednesday, May 16

An Open Question about "our" Ownership in the Coal Plant

For the past several months, I haven't been speaking about the Coal Plant much. Others in our local blogging community are doing a much more comprehensive job, and I haven't felt the need to insert my 2¢.

However, I was struck by the City's recent announcement that "our" share of ownership in the plant would be reduced to 15%. So, I have a few questions:


  1. As best I understand it, SME (a semi-private corporation wholly owned by the City of Great Falls) was to kick in 25% of the construction costs for the coal plant. Will "our" share of the capital costs also be rolled back to 15%?


  2. If not, how can the city possibly justify paying one-fourth of the costs of an asset when we will only own less than one-sixth of it?




Someone please explain this to me. Does the term fiduciary responsibility mean anything?

3 comments:

Anonymous said...

Chaos is not easy for me to explain, but maybe someone else out there in Blogland can.

GeeGuy said...

Slight correction. "SME (a semi-private corporation wholly owned by the City of Great Falls) was to kick in 25%..." should read "Electric City Power (a public benefit corporation wholly owned by the City of Great Falls..."

Kyle said...

Hello there:

I'm Kyle from the Vigilant Freedom Blog. We're working to create a list of bloggers who focus on their own state as part of an upcoming support the troops campaign alongside groups like Gathering of Eagles, and Vets for Freedom. If you'd like to include your blog you can email me at Kyle@vigilantfreedom.com

For more information you can check out our post at

http://www.vigilantfreedom.org/910blog/2007/07/24/help-wantedstate-bloggers-for-pro-surge-push/

Thanks

Kyle