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Thursday, July 18, 2013
Scuttlebutt From "the grapevine"
This editor has learned that LP&L has an ulterior motive for splitting the electricity bills. An unconfirmed report has LP&L being so expensive to maintain with recent "turbine troubles" that the power company could be auctioned off including all debt on said bucks. The water,garbage and sewer departments would be kept with the city. This scuttlebutt surfaced this weekend and is in "rumor stage". City Hall has long used LP&L books for city subsidy but now that maintenance costs are rising it could be time for "a sale". LP&L was almost sold in the 70's for the same reason. Later an interconnect was negotiated.
Should LP&L Be Sold??
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