After its first year of operation, Lafayette Utilities System Director Terry Huval says LUS' fiber-to-the-premise telecommunications business is above its break-even target and ahead of its projected schedule. "We are still building out the system and will be complete around July, 2010 (about 9 months earlier than we initially expected)," LUS Director Terry Huval writes in an e-mail. "Early in the planning of the project in 2004, we estimated that our breakeven for the project would be about 23 percent. In the areas where we have done the most of our limited marketing, we are already well-above that target. We are opening up new areas for service every week, so naturally those early take rate level are lower in those areas. But, we are pleased with the response we are getting. All indications are that we will easily meet all our financial obligations moving forward." He adds that the business has also exceeded its projection of customers who buy all three services — phone, TV and Internet. LUS Fiber first began serving customers in February of last year. The business' first major debt service payments come due in 2011.
According to its three most recently completed monthly financial reports, for October, November and December 2009, the LUS Fiber business' revenues exceeded its monthly operating expenses in two of those months (October and November). For October, monthly revenues totaled $1,644,492.88 while operating expenses totaled $874,991.57. In December, total revenue was down due to a dip in wholesale receipts. Huval says this fluctuation reflects some of the cyclical revenue collecting and accounting inherent in the wholesale business.
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DEC 4 This post on Philebrity, an arty Philadelphia blog, previews the lecture Bobby Jindal gave last night in the City of Brotherly Love. Sadly, not a lot of love headed Bobby's way in this post, which indicates a level of disdain for our Guv generally limited to residents of our lovely state.
DEC 4 The NOLA Defender blog goes old-school next year, this post tells us. The blog, which features news and extensive arts coverage, will publish free print versions quarterly, the story says. In a business that seems to be heading away from the printed version, it is nice to see that going the other way for a change.
DEC 4 There's another story on state employee abuse of public credit cards in the news, and blogger CB Forgotston has the solution: get rid of them. We don't need them; it's more work without them to accomplish what you need to accomplish, but what's wrong with that, CB wants to know. The legislature needs to pass a law forbidding the things, he says.
DEC 4 Here's one of two recent posts on the Lens about spending at two charter school operations in New Orleans. This one is about training for less than 200 KIPP employees in Vegas -- which cost nearly $120,000. That's $120,000, with six figures. The other operation was the Friends of King schools, which sent the staff, including eight of nine board members, to a retreat at the beach. That cost $70,000. So far, the Lens is the only media covering this. One wonders if that would be the case if this level of spending had happened in a public school operation.
DEC 4 In the effort to lay blame for our disappearing coast, a board charged with protecting our coast voted to sue the US Army Corps of Engineers Tuesday, this story on NOLA.com says. One suit will seek to force the corps to pay for damage caused by the Mississippi River Gulf Outlet project, and the other will seek to force the corps to pay for a levee system in Algiers on the West Bank. Interesting.
DEC 4 Thanks to blogger Robert Mann's Facebook page, we know about this story in the Washington Blade, which says that the Louisiana National Guard has decided to process same-sex partner benefits. The story was posted Tuesday, following an interview with a guard chief by the Blade. That same day, the Advertiser ran this story, which said Louisiana is still a hold-out on same sex benefits. So which story is correct?
DEC 4 One Alabama fan shot another dead, this WWL story tells us, because she didn't feel the other fan was upset enough about Alabama's loss to Auburn. The women were at a party, and the dead lady, mom to three children, was joking with other party-goers about the loss, which didn't sit well with the shooter, the story says. Police think alcohol might have been a factor. Ya think?
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