The LPEA Board of Directors, on its own, decided to break a contract with Tri-State G&T that included proven reliable power supply and a voting membership in that coop of coops. The board did not consult member/owners.
That board sold our subsidiary company, FastTrack, potentially breaking LPEA’s own bylaws by not bringing that action to a membership vote.
The board hired a CEO from outside the industry for a strikingly high salary. That $500,000 +/- amount has been mentioned in public; no director has disputed it.
When the board and the new CEO, Chris Hansen, are questioned about these decisions and the resulting rate increase, they change the topic, deny the premise of the challenge and change their vocabulary. They say the cost to leave Tri-State is not a buyout, and they divide the cost into different categories. They natter about inflation and tariffs. The bottom line remains.
Remember, the directors are not playing at this high stakes table with their own money. They are relying on us as their deep pocket, their sugar daddy.
It is time for the board to treat LPEA member/owners with respect.
Ann McCoy Harold
Bayfield
