Western Coop to Cut Costs Based on Consultants’ Report
Posted on Sep 7, 2012 in Corporate Governance, Economic Downturn | Comments Off on Western Coop to Cut Costs Based on Consultants’ Report
The board of financially distressed Jemez Mountains Electric Cooperative has voted to enact several measures identified in an operational assessment prepared by Henry Cano of the National Rural Electric Cooperative Association and two other consultants with solid coop experience. While the details of the plan have not yet been made public, the plan purportedly involves some layoffs, a rate increase and cutting expenses on items such as travel. Some board members had concerns and did not vote in favor of the measures. The Rio Grande Sun has the full story.
