I regret that Claiborne Electric Cooperative has prematurely ended its participation in the Public Service Commission’s feasibility study of Claiborne’s proposed internet project. With Claiborne’s support for the study and its cost, the PSC retained a qualified consulting firm to determine if the 26,000 members of the co-op should risk their electric rates to finance an $82-million internet business. That study was under way.
Claiborne’s management now says it has surveyed each of the five members of the PSC and concluded that it “did not have the votes” for its borrowing plan to enter the broadband business. As one of the
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