[Watchdogs] Tuesday Article by Claudia Grisales

[Andra Jacoby]

  Co-op board agrees to cut its pay more than 40 percent


    Pedernales directors would still earn triple the national median.

By Claudia Grisales <mailto:cgrisales at statesman.com>
AMERICAN-STATESMAN STAFF
Tuesday, July 22, 2008

JOHNSON CITY — More than a year after questions about excessive 
compensation triggered a tumultuous time for the Pedernales Electric 
Cooperative, the utility's old and new regimes joined forces Monday to 
finally approve a long-awaited cut in board members' pay.

The co-op's board, which includes a minority of newcomers, voted to cut 
its own average annual compensation and benefits more than 40 percent, 
to $29,000. That includes an end to board members' health insurance.



http://www.statesman.com/news/content/news/stories/local/07/22/0722pec.html