Staying off the 'troubled co-op list.' (rural electric cooperative): An article from: Management Quarterly
Book Details
Author(s)Rob Church
ISBN / ASINB00092SV9G
ISBN-13978B00092SV96
AvailabilityAvailable for download now
Sales Rank12,596,815
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Management Quarterly, published by National Rural Electric Cooperative Association on June 22, 1993. The length of the article is 2197 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Case studies of three rural electric cooperatives demonstrate what needs to be done in order to stay off the 'troubled co-op list.' The three co-ops were Colorado-Ute, Bossier Rural Electric Co-op and Eastern Maine Electric Co-op (EMEC). In all three cases, the co-ops were enmeshed in deep financial troubles, forcing Colorado-Ute and EMEC to file for bankruptcy. The assets of the three co-ops were all aggressively pursued by investor-owned utilities, whose offers were far less than the value of the asset. Unlike the board directors and consumers of Bossier, the board members of Colorado-Ute and EMEC were active in saving their co-ops. As a result, Colorado and EMEC were not sold to their bidders, albeit Colorado was only half-successful in fending off offers. This assessment reinforces the importance of being financially secure for retaining local control and independence, regardless of whether this entails setting higher rates.
Citation Details
Title: Staying off the 'troubled co-op list.' (rural electric cooperative)
Author: Rob Church
Publication:Management Quarterly (Magazine/Journal)
Date: June 22, 1993
Publisher: National Rural Electric Cooperative Association
Volume: v34 Issue: n2 Page: p28(5)
Distributed by Thomson Gale
From the supplier: Case studies of three rural electric cooperatives demonstrate what needs to be done in order to stay off the 'troubled co-op list.' The three co-ops were Colorado-Ute, Bossier Rural Electric Co-op and Eastern Maine Electric Co-op (EMEC). In all three cases, the co-ops were enmeshed in deep financial troubles, forcing Colorado-Ute and EMEC to file for bankruptcy. The assets of the three co-ops were all aggressively pursued by investor-owned utilities, whose offers were far less than the value of the asset. Unlike the board directors and consumers of Bossier, the board members of Colorado-Ute and EMEC were active in saving their co-ops. As a result, Colorado and EMEC were not sold to their bidders, albeit Colorado was only half-successful in fending off offers. This assessment reinforces the importance of being financially secure for retaining local control and independence, regardless of whether this entails setting higher rates.
Citation Details
Title: Staying off the 'troubled co-op list.' (rural electric cooperative)
Author: Rob Church
Publication:Management Quarterly (Magazine/Journal)
Date: June 22, 1993
Publisher: National Rural Electric Cooperative Association
Volume: v34 Issue: n2 Page: p28(5)
Distributed by Thomson Gale
