tag:blogger.com,1999:blog-12703782.post2919493168314322455..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indianaâ„¢: Citizens Energy Officials Grossly OverpaidGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-12703782.post-53181176808459497222014-10-01T08:57:54.215-05:002014-10-01T08:57:54.215-05:00Citizens' executive staff had their salaries r...Citizens' executive staff had their salaries recently cut. In fact, Lykins' was cut by $1 million in 2012 (before this article was written) reducing his pay to $1.9m, and is facing an additional 32% dock in pay leading up to his retirement in June 2015, his position to be taken over by Jeffrey Harrison.Brocknoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-4353633622302974802013-08-16T10:46:46.317-05:002013-08-16T10:46:46.317-05:00Just one more example of greed with no moral compa...Just one more example of greed with no moral compass. I don't understand how these folks think it is right getting wealthy from rate payers. Many struggle to pay their bills and keep a roof over their heads. They should all be fired!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-74064985946707183222013-05-31T10:03:01.690-05:002013-05-31T10:03:01.690-05:00Do they still label themselves a 'charitable t...Do they still label themselves a 'charitable trust'?<br /><br />If so, it seems 'charity begins at home', as the saying goes.Downtown Indyhttps://www.blogger.com/profile/06239811599722585898noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-39688692527163950272013-05-31T09:14:12.159-05:002013-05-31T09:14:12.159-05:00What do you want to bet Citizens spends about as m...What do you want to bet Citizens spends about as much on warm and fuzzy ads touting its program for providing financial assistance to the poor as it does the program?<br /><br />Insiders is right. Can't have anybody who asks questions or who is inclined to rock the boat from time to time.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-37939311712026448642013-05-31T07:35:30.215-05:002013-05-31T07:35:30.215-05:00Factoid time!
1) Citizens Gas touts their program ...Factoid time!<br />1) Citizens Gas touts their program of providing financial assistance to poor people, to keep the heat on in winter. This program though only provides $1.6 million a year - less than their CEO makes.<br />2) Those VP salaries are WAY expensive for a non-profit company that size.<br />3) Board of Trustees member John Krauss runs the IU Public Policy Institute, which earlier this year published a 'study' quantifying the financial impact of the 500. Mark Miles (500 CEO) is a member of the board, and most likely a contributor to, that Institute.<br />4) Kathryn Betley isn't so much a 'civic leader' than a bank honcho.<br />5) Citizens Gas purchases all its energy from its for-profit parent, Citizens Energy. This enables Citizens Energy to speculate on the gas market, knowing that if their bets go sour and they lock in gas pricers that are higher than the market, they can always sell that gas at any price to Citizens Gas. Basically the parent can gamble cause the ratepayers cover any risk.<br />6) Many of those names are reliable insiders, who can be 'trusted' to know how the game works.Unigovhttps://www.blogger.com/profile/15532072215831286109noreply@blogger.com