10-02-2015, 04:15 PM
"Corporations are examples of pure democracy. There is a board that has been agreed to by shareholder vote, then the shareholders vote on the decisions made by the CEO and the board."
The shareholders get to vote for, or not vote for, the directors who are on the ballot presented by the Directors and the CEO. The Board/CEO usually have enough proxy votes to do pretty much as they please.
It is a pure democracy much like Saddam Hussein's Iraq, and similar pure democracies, everyone gets to vote for the one name on the ballot.
Public utilities operate as a monopoly by the grace of the public they do not get to act entirely for their own selfish interests.
According to a KITV report:
"While the Federal Energy Regulatory Commission has approved the proposed merger, the transaction remains subject to other regulatory approvals including approval by the PUC" It doesn't appear The PUC needs to go to court to exercise their authority in this matter.
I do not hate HELCO! The people who work there are always very pleasant to work with, and they did wonders after the hurricane here. The rates are higher than elsewhere, like everything , after all we don't have the Colombia or Tennessee river to tap, but conversely we do have the Jones Act winners to support.
Finally; I have been involved with a number of agricultural cooperatives over a long period of time and they work very well. Even if a local Energy Cooperative cost a bit more which I really doubt, I believe the benefits would still outweigh the cost.
The shareholders get to vote for, or not vote for, the directors who are on the ballot presented by the Directors and the CEO. The Board/CEO usually have enough proxy votes to do pretty much as they please.
It is a pure democracy much like Saddam Hussein's Iraq, and similar pure democracies, everyone gets to vote for the one name on the ballot.
Public utilities operate as a monopoly by the grace of the public they do not get to act entirely for their own selfish interests.
According to a KITV report:
"While the Federal Energy Regulatory Commission has approved the proposed merger, the transaction remains subject to other regulatory approvals including approval by the PUC" It doesn't appear The PUC needs to go to court to exercise their authority in this matter.
I do not hate HELCO! The people who work there are always very pleasant to work with, and they did wonders after the hurricane here. The rates are higher than elsewhere, like everything , after all we don't have the Colombia or Tennessee river to tap, but conversely we do have the Jones Act winners to support.
Finally; I have been involved with a number of agricultural cooperatives over a long period of time and they work very well. Even if a local Energy Cooperative cost a bit more which I really doubt, I believe the benefits would still outweigh the cost.