guest submission by Ernest Altgelt, PEC Member/Owner
Our Board of Directors and CFO Tracy Golden, recently file for Calendar Year 2015 with the IRS, a Form 990 (Return for Organization Exempt from Income Tax).
Such 2015 IRS Form 990 for the Pedernales Electric Co-op (PEC), is now posted on our Co-op’s Website.
The Readers of PEC Truthwatch, should access, and then carefully read, the subject 2015 IRS Form 990; particularly focusing on Schedule J — Annual Total Compensation of Officers, Directors, Key Employees, and Highest Compensated Employees.
The following “eye-opening” 2015 Annual Compensation is included in Schedule J among the Fifteen (15) individuals listed:
J. Hewa, CEO,$717,576
L. Parnell, Chief Information Officer $270,022
T. Golden, CFO, $349,071
J. Beggs, VP Corporate Services $259,040
D. Ballard, VP Legal, $265,788.
Readers of PEC Truthwatch are respectfully asked to post their Comments and Analysis relevant to the PEC’s “eye-opening” Annual Total Compensation being paid for Calendar Year 2015 as to its Highest Compensated Officers, Directors, and Employees.
Also consider comparing the PEC’s Annual Compensation as paid to its CEO and Highest Paid Employees, with that for Austin Energy. On information and belief, Austin Energy presently has, and has had, considerably more captive electric retail customers and accounts than our PEC. In addition, Austin Energy unlike our PEC Co-op has “ownership interests and oversight” over Generation facilities.