[Watchdogs] Value of Investing in Renewables Now
naomiw at austin.rr.com
Mon Nov 29 12:21:04 CST 2010
I agree wholeheartedly with you. Board members are voted in to make
decisions, and should do it without involving the masses in the minutiae of
board operations, just as the CEO and his employees are charged with running
PEC without involving the Board in the minutiae of their day to day
operations. Good Board members also consult their constituency for input,
but do not necessarily have to agree with what everyone says. Lastly, you
hit the nail on the head. If we don't like the decisions, then we vote them
out and get someone in who makes the decisions we agree with. I do think we
continue to require that Board meetings are open and transparent, and anyone
who wants to offer their opinion be given a forum for doing so. I also think
that we have a number of very intelligent PEC members that could offer
assistance and knowledge to the Board through committees, etc. But at some
point, we have to allow those that are voted in to do what they are charged
We've got a new Board - now let's see what they can (or can't) do.
>A couple of you are trying to make the case for investing PEC money in
>Can any of you make the case for the PEC Board to spend the owners'
>money for this kind of investment without the owners' prior knowledge
I don't think any of us have argued against that.
>Can you explain how Board members could do this and still claim with
>any credibility that they really believe transparency and
>accountability to the PEC owners is important?
They *could* do this, because we elected them to make that kind of
decision. And we can vote 'em out if we don't like their decisions
(and, thanks to their recent Bylaws work, we can more easily throw them out
before that if enough of us feel the need).
That doesn't mean I think they should make decisions without being open to
member input - and I think you'd agree that they're far more open to the
members' thoughts than those they replaced. It also doesn't mean that I
think they should make decisions in secrecy - and I don't see them trying to
hide the fact that they're talking about renewable energy. Why do you keep
suggesting that they are? You and I and everyone here knows that they're
discussing it. I'd guess that a fair majority of the power companies in the
country are discussing renewables on one level or another... it's not a big
Give them your input if you haven't already. Ask some relevant questions,
instead of intimating like some talk-radio host that there's some Great
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