SitNews - Stories in the News - Ketchikan, Alaska


$$$$ if Kpu sells ?????
By Brad Cota


January 08, 2010

Do the residents of Ketchikan get a dividend from the sale of KPU telephone? As a public utility, I do believe the owners are the residents of the city of Ketchikan. We're voting to sell or not to sell, but we're not voting on what happens to the money? Does anybody know where the money is going?

If the telephone division is worth 10-20 million dollars, at just 10 million dollars, divided by 8,200 city owners that's approximately $12,195.00 per person in the city! And at 20 million it would be over 24 thousand per person. sure, sure, we should probably pay some taxes.. bills with some of the money, but don't you want your share?

Contact your city council members today ask them where your money is going.

In my opinion if we're going to sell the phone company, in the long run it will cost us money, most likely in the form of a diesel surcharge or a power garbage rate increase. so we might as well get paid.

Brad Cota
Ketchikan, AK

About: Brad Cota is a 15 year resident

Received January 08, 2009 - Published January 08, 2010


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