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News + Notes

Published:

Bernhard adjusts focus, management of all three LUS utilities now in play

Some have raised concern that extracting only LUS’s electric division for private management could destabilize the system’s other utilities: wastewater and water. The three systems have entangled debt and rate structures that are messy and risky to pull apart.

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Bernhard Capital confirms Lafayette has competition for potential HQ

Last week Jeff Jenkins, one of Bernhard Capital Partners’ founders, told The Current the company’s plans for LUS include making it part of what will ultimately be a Fortune 500 company headquartered in Lafayette. This week, his partner Jim Bernhard confirms that Lafayette has out-of-state competition for that proposed corporate headquarters, a city Bernhard says has an “advantage” over Lafayette because that contemplated transaction has not leaked to the press.

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Currency
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The parish is broke, and it’s a drag on the city’s finances

In the upcoming fiscal year the city general fund will bring in just over $100 million and end the year with a fund balance of almost $40 million. The parish general fund will bring in less than $12 million and end the year with a fund balance of about $100,000.

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Should LUS and Fiber split, four top positions would be vacant at LCG

▸ The gist: Resignations and reorganization have combined to open four director level positions for Mayor-President Joel Robideaux to fill, including some that have been vacant since the beginning of the year. In the coming months, Robideaux will need to appoint replacement directors for planning, information services and technology and, if his restructuring proposal goes […]

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On split council proposition, amendments to the amendments on the way

▸ The gist: Following a rocky roll out and a series of sometimes tense town halls, council members have tweaked the details of a proposition to create separate city and parish councils. Most notably, updated amendments would prohibit termed-out incumbents from sitting on either new council, clarify protocols that govern the privatization of LUS and […]

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Cajundome director Greg Davis steps down to save the cost of his salary

Longtime Cajundome Director Greg Davis didn’t think it was right that he hold onto his $160,000 a year job while having to deliver news to seven other employees that their positions were being eliminated. So the 63-year-old, who has worked for the Cajundome since it opened in 1985 — 25 years as director — announced he’ll retire at the end of October, three years earlier than he’d planned.

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How can you trust a convoluted government?

Seventy percent of Americans continue to trust their local government, a level that has held relatively steady for over four decades and across party lines.

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Robideaux details timeline of talks to privatize the electrical division of LUS 

Nearly two weeks since The Current broke the news, Mayor Joel Robideaux presented a detailed timeline of his talks to privatize the electrical division of LUS through a management agreement with a private equity firm based in Baton Rouge. Robideaux had come under fire for leaving council members out of the conversation, most of whom only learned about the deal in media reports.

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Business + Innovation
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Council approves a new innovation trust, a possible ‘crypteaux’ vehicle

▸ The gist: On Tuesday, the Lafayette City-Parish Council voted to approve the creation of a new public trust, called the Lafayette Public Innovation Alliance, and seat its first trustees. They were approved to serve five-year terms by the City-Parish Council. Future trustees will be nominated by the mayor-president and approved either by the city-parish council […]

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