PSC

Next stop for LUS/Fiber debacle: D.A. Stutes, Public Service Commission

The gist: Late last night, City Council members questioned a representative of Metairie-based CPA firm Carr, Riggs & Ingram about his forensic analysis of transactions between LUS and LUS Fiber, pressing him on the decision to forgo an interview with the man the firm’s report repeatedly accuses of illegal conduct. The council also decided to send the findings to the […]

Continue 3 min read

Explaining the hullabaloo around LUS Fiber and why it matters

LUS Fiber has recently been accused of receiving millions in illegal subsidies from LUS. This is a complex issue with a lot at stake. An explainer is in order.

Continue 9 min read

Controversy over LUS payments underscores Fiber’s financial challenges ahead

The gist: Last week, the mayor-president alleged that LUS Fiber charged LUS millions in fraudulent payments for a power outage monitoring system that wasn’t useful. He asked for the Public Service Commission to investigate, swirling controversy around Fiber and its former director. Regardless of the episode’s outcome, it’s clear Fiber faces significant financial risk moving forward.

Continue 4 min read

Robideaux claims more fraudulent payments from LUS to LUS Fiber, putting Fiber’s financials at risk

The gist: The Daily Advertiser broke a story late Monday that Lafayette Mayor-President Joel Robideaux has self-reported a second potential violation of state law regulating LUS Fiber. In his Monday letter to the Louisiana Public Service Commission, Robideaux claims LUS may have made illegal payments totaling $8 million to LUS Fiber over an eight-year period. If the PSC agrees, this could create a significant financial burden for LUS Fiber’s operations moving forward.

Continue 4 min read