Hoping to take the wind out of Councilman William Theriot’s sails ahead of Tuesday’s council meeting, officials from Lafayette Utilities System argued Thursday that the long-term financial viability of the city-owned utility’s LUS Fiber business is on the horizon. LUS Director Terry Huval, along with Lorrie Toups, chief financial officer for Lafayette Consolidated Government, and CPA Burton Kolder discussed the fiber-to-the-home/business venture’s sustainability during a presentation at City Hall — five days before Tuesday’s City-Parish Council meeting, during which Theriot will give his own presentation on the financial health of LUS Fiber and, we expect, make the case for LCG discontinuing its financial support of the initiative.
LUS officials have been on a public-relations sally for the last week, making the case that despite the spin-off’s financial losses since it was launched in 2009, those losses were anticipated and built into LUS Fiber’s business plan and the business is on track to break even and begin turning a profit by 2015. A briefing on May 21 before the council revealed that LUS Fiber closed out 2011 with a $29 million deficit, a figure The Daily Advertiser parsed into an alarming headline the next day: “Audit: LUS Fiber lost $45,000 a day.” But in a more measured article in The Advocate, Kolder put LUS Fiber’s losses into context: “Normally, most start-up businesses lose money the first three to five years,” he told The Advocate. “... It would be expected.”
The briefing last week, as expected, reignited Theriot’s ideological opposition to LUS Fiber — and that’s what this really is: an ideological argument about a publicly owned utility competing with private enterprise, with Theriot carrying the water for the big, private telecom operators in Lafayette who have opposed LUS every step of the way.
To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.
APR 18 So Gov. Jindal's new press secretary already has blocked blogger CB Forgotston from her Twitter account, CB tells us in this post. Sure, CB hasn't exactly been sugar sweet to the lady, but if his blogs are all it takes for her to get in a huff she better find some intestinal fortitude somewhere, because that's just the tip of the iceberg.
APR 18 Pooyie! Robert Kennedy Jr. isn't pulling any punches in this column on Huffington Post about the flood board's lawsuit against Big Oil and Bobby Jindal's involvement in efforts to kill it. Kennedy, who is president of the Waterkeeper Alliance, describes Jindal as 'genuflecting to Big Oil's pressure' and 'the industry's chief indentured servant.' Dang!
APR 18 Here's a video of UL Coach Mark Hudspeth showing he can pump some serious iron. It sure impressed the Dr. Saturday blog, which calls his press of 370 pounds a "ridiculous" number for a coach -- and opines that no other college coach could beat ours.
APR 18 Columnist John Maginnis offers some advice to Vance McAllister on this post: Don't quit. Republicans have demanded he resign, but offer no "sensible answer" to the question of why David Vitter shouldn't leave, too, he says. McAllister needs to do his duty and serve out his (abbreviated) term, Maginnis says.
APR 18 Blogger Lamar White Jr. comments upon the plan to make a Bible Louisiana's "official book" in this post. He argues his point by telling us the story of an immigrant couple who moved to Louisiana: Amar and Raj, whose oldest child is now our Governor. This action would have a much larger impact, he opines.
APR 18 There's only one major bill left defending public education, blogger Mike Deshotels writes in this post. He's also got a few choice words for state Superintendent John White, who implies that Louisiana teachers would be thrown into chaos and disarray if they didn't have a test to teach. (Maybe kids would actually get an education then? Nah!)
APR 18 An effort to set up speed cameras on the Interstate has been shut down before it even got started, columnist Stephanie Grace tells us in this post. A bill to block the practice is sailing through the legislature -- where apparently no one wants visitors to our fair state to arrive home to a ticket. (These guys must never drive on I-10 with people from Texas).
APR 18 Blogger Tom Aswell reassures everyone worried about the staffers for Rodney Alexander -- the ones who didn't go to work for McAllister or Candid Camera, anyway -- with this post. Apparently one staffer for the retired Congressman (who also worked for a preacher accused of sexual assault) already has been hired by Alexander in the state department he now runs, Aswell says.
APR 17 At the start of the Tuesday board meeting that ended with his removal from the President's post, Joe Aguillard told the governing board of Louisiana College that SACS, the accreditation agency, requires the board to adopt a confidentiality agreement regarding board actions. Later that day, SACS told the Town Talk that confidentiality agreements would never be required. Calvinist or not, isn't lying wrong?
APR 17 Here we are, looking like backwater dummies again in the national media. This story on Huffington Post tells the nation that our legislators are so scared of the Louisiana Family Forum that they won't vote to repeal a law that was ruled illegal years ago. (Guess these particular Christians don't cotton to that "love one another" thing.)
APR 17 Here's an interesting column from Paul Stanley, political opinion editor of the Christian Post. He breaks down the differences between David Vitter and Vance McAllister, in terms of political realities. What he found surprising was the fact that many GOP leaders are swinging a self-righteous sword at McAllister which had remained sheathed when Vitter's "sin" was revealed. He does have an interesting theory -- that Jindal's people want the Vitter issue to be revived.
Read the Flipping Paper!
Click Here for the Entire Print Version of IND Monthly