Utility rates were hiked in the last two years to pay for rising operating costs and a $240 million bond package that never came to be. Councilman Kenneth Boudreaux will present a pair of ordinances, one to reduce electric, water and wastewater rates and another to reclaim the revenues for a bond sale.
Challengers are already mulling 2019. LUS could be the platform they need.
On Monday, NextGen withdrew their offer to manage LUS hours before the Council voted against considering any deal like it. So now what?
The decision was made “in response” to the ongoing discussions of the company’s proposal and the “importance” of the city’s decision whether to accept it.
NextGEN also created a Facebook page and launched a phone campaign to go along with its digital billboards billing a $1.3 billion offer.
If the public doesn’t have all the facts, it’s in part because he’s not providing them. The bottom line is Robideaux’s account raises some red flags. Here are a few of the big ones.
If the Bernhard Capital Partners/NextGEN proposal to take over operations of LUS has any council support at this point, it was hard to see it at Tuesday night’s council meeting.
The gist: At last week’s presentation to the Lafayette Public Utilities Authority, NextGEN officials indicated with confidence that LUS’s hundreds of employees need not worry about their civil service protection if NextGEN takes over management of the public utility.
What’s Jim Bernhard’s bid to run LUS really worth?
Chief among them: Can we get out of it?
Billed as a $4.1 billion deal, the offer is heavy on assumed indirect economic impacts.