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Tensions ran high at the Valley Electric Association’s annual meeting Saturday, with members accusing the board of hiding finances and ignoring concerns before the meeting was quickly adjourned.
Hundreds of members filled the Pahrump Valley High School gymnasium to try to make sense of the cooperative’s finances, including the 9.9 percent rate hike that went into effect in March.
“We want to know where the money’s going!” one member yelled from the crowd after hearing a presentation about the cooperative’s recent audit, which stated the utility’s 2018 financial statements “present fairly” its financial position.
Interim CEO Dick Peck said that while the board has made mistakes in the past, recent rumors against the cooperative — including embezzlement and financial cover-ups — are false.
