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Restricted_Access_06 t1_it3zzop wrote

Reply to comment by -lurkbeforeyouleap- in Accurate by bottlefish

City Utilities is “non-profit” but is not a Government controlled entity. It has a board and answers to that board just like any other corporation.

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-lurkbeforeyouleap- t1_it405pt wrote

They answer to the city. The city sets the rates and approves the budget. They have oversight. The board has to act under the direction of the city.

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Restricted_Access_06 t1_it4y9gg wrote

No, that’s 100% wrong.

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-lurkbeforeyouleap- t1_it4yh5a wrote

Really? Citation would be needed here.

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Restricted_Access_06 t1_it4z9xb wrote

I mean, my father was on the board for years and I have contracted with CU for 10 years as an advisor but you can look on CUs website, it’s plain as day.

There is a utility oversight board that dictates laws but CU is a board governed corporation, not a public utility and it’s been that way for years. There is no “answering” to City Counsel.

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-lurkbeforeyouleap- t1_it4zqk8 wrote

Dude. You are mistaken. Sit through a rate discussion and learn the process. The city has to approve all the financials. CU is a municipal utility, and is government for tax purposes and uses MO LAGERS retirement. They are absolutely not a corporation. Again. Provide the citation. I have been to plenty of CU board meetings and through many rate cases.

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Restricted_Access_06 t1_it52968 wrote

I have sat through plenty of CU business, Plenty of which involved myself and our advisory to CUs market strategy.

You’re completely mistaken on how the entire process works and it clearly shows here. Have a great day.

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-lurkbeforeyouleap- t1_it52c7b wrote

Ok. It’s not like I worked there myself or anything.

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Restricted_Access_06 t1_it531ga wrote

I’m sure you have.

But that doesn’t mean you have an understanding beyond a basic employee and have filled in the gaps with your own opinions on how things work.

When you have been in and around CU at an executive level for over 40 years we can discuss the way things work. Hell, we could even sit down with Twitty for breakfast as he’s my Godfather and go over it for you.

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-lurkbeforeyouleap- t1_it5413u wrote

Sure Sparky. I’m done.

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Restricted_Access_06 t1_it54lww wrote

Again, I’d be happy to arrange a sit down with your bosses to explain it given the website isn’t enough with it’s clear and concise explanation (even calling it a corporation)

Let me know!

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