Citing the need for system repairs due to hurricane damage last year, SLEMCO is asking the Public Service Commission to approve a rate hike it hopes will generate about $7.7 million. SLEMCO has some 94,000 customers in the Acadiana market; the average increase is about $2.68 a month for two years, the time needed to repair hurricane damage and elevate power substations in low-lying flood-prone areas, The Advocate reported today. The newspaper also noted:
About $5.2 million would be used to elevate electric substations in lower Vermilion Parish, and the remainder would cover repairs after hurricanes Gustav and Ike that were not reimbursed by the Federal Emergency Management Agency, according to information from the company.
SLEMCO plans to elevate substations in Erath, Esther and Cow Island to a level 5 feet above the highest flood surge seen in those areas in recent years, said George Fawcett, director of governmental affairs for SLEMCO.
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to offer shares of its stock to the public for the first time.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.