Valley Electric Association Director — Get out and vote!

Do you live north of Hwy 372? Do you have electricity? If you answered yes to either of those questions, this post is for you!

From Mr. Gene Hobson’s upcoming flyer …

I’ve lived in Pahrump since 2014 along with my wife Patty. I am a 68-year-old Veteran and volunteer at the Pahrump Senior Center for the “Meals on Wheels” program. I’ve been an Ambassador at Valley Electric Association since 2016 and look forward to becoming even more involved as Director in District 6. I will be your official voice to Valley Electric Association. I believe in accountability, communication, and great customer service.

For further information call Gene Hobson at (626) 235-7356 or email iamhobsonschoice@gmail.com

One thought on “Valley Electric Association Director — Get out and vote!

  1. This is why you want to vote for Gene Hobson. The present Director just rubber stamps anything the CEO, Tom Husted wants.

    Let’s take a look at Tom Husted’s and Rick Eckert’s salary.

    Year Tom Husted (CEO) Rick Eckert (COO)
    2006 182,361 N/A
    2007 197,702 N/A
    2008 263,467 N/A
    2009 288,163 N/A
    2010 306,996 N/A
    2011 383,313 155,016
    2012 381,934 234,952
    2013 461,899 409,180
    2014 459,340 388,519
    2015 527,507 522,444

    It is estimated that both are near the $600,000 compensation for year 2017.

    Now look at the contributions to the retirement fund for these two highly paid employees.

    VEA paid into the Retirement accounts for
    Tom Husted ( CEO) Rick Eckert (COO)
    Year 2012 $72,408 $30,086
    Year 2013 $117,680 $149,565
    Year 2014 $87,411 $128,400
    Year 2015 $137,591 $233,251

    For tax year 2016 and 2017 the “contributions” probably exceeded 2015’s contribution.

    Important information for VEA members

    When was the last time you knew what your capital credits are? Call Valley Electric at 775-727-5312 and ask how much you have in capital credits and when you will receive a check for them.

    Are you aware that VEA can take 20 years or longer to retire capital credits of persons who are no longer members? Is that money being used to start up the internet business?

    Are you aware that Tom Husted, the CEO of Valley Electric has had his salary increased every year since 2005 and is now presently making approximately $600,000 a year with benefits? That is over 3 times what the Governor of Nevada makes. The six directors voted every year to increase Husted’s salary along with the salaries of the top management people. Those six directors are supposed to represent you but their allegiance is to Husted and they don’t care about the members.

    The data form 2016’s tax return won’t be available until November 2017 as VEA is always late filing their IRS Form 990. Those figures are in addition to their salaries, “other compensation” and “non-taxable benefits”.In 2015 Rick Eckert, the Chief Operating Officer, made $522,444 with benefits. Based on past history, might we assume that Rick Eckert makes a lot more than $522,444 in both 2016 and 2017?

    In tax year 2014, a bonus of which there were many, was paid to Chris Brooks for $95,463 and John Perra received a bonus of $58,957. These bonuses were in addition to their 6 figure salary.

    In year 2013 there was an absolute bonanza of bonuses given out to the top 8 management team. The highest bonus went to Christopher Tomchuk for $110,835. VEA is spending so much money that you will rarely receive any retirement credits before you die no matter long you have been a member.

    Did VEA have to sell the largest asset they had to prevent the company from losing their tax exempt status and losing the ability to borrow capital for expansion?

    Why does a company like VEA have to spend hundreds of thousands of dollars to advertise to a captive membership? That advertising expense could have been used to put money into your pockets by the retirement of capital credits sooner instead of waiting years. Important information for VEA members

    When was the last time you knew what your capital credits are? Call Valley Electric at 775-727-5312 and ask how much you have in capital credits and when you will receive a check for them.

    Are you aware that VEA can take 20 years or longer to retire capital credits of persons who are no longer members? Is that money being used to start up the internet business?

    Are you aware that Tom Husted, the CEO of Valley Electric has had his salary increased every year since 2005 and is now presently making approximately $600,000 a year with benefits? That is over 3 times what the Governor of Nevada makes. The six directors voted every year to increase Husted’s salary along with the salaries of the top management people. Those six directors are supposed to represent you but their allegiance is to Husted and they don’t care about the members.

    The data from 2016’s tax return won’t be available until November 2017 as VEA is always late filing their IRS Form 990. Those figures are in addition to their salaries, “other compensation” and “non-taxable benefits”.In 2015 Rick Eckert, the Chief Operating Officer, made $522,444 with benefits. Based on past history, might we assume that Rick Eckert makes a lot more than $522,444 in both 2016 and 2017?

    In tax year 2014, a bonus of which there were many, was paid to Chris Brooks for $95,463 and John Perra received a bonus of $58,957. These bonuses were in addition to their 6 figure salary.

    In year 2013 there was an absolute bonanza of bonuses given out to the top 8 management team. The highest bonus went to Christopher Tomchuk for $110,835. VEA is spending so much money that you will rarely receive any retirement credits before you die no matter long you have been a member. And substantial electricity rate decreases will never come with this excessive spending.

    Did VEA have to sell the largest asset they had to prevent the company from losing their tax exempt status and losing the ability to borrow capital for expansion?

    Why does a company like VEA have to spend hundreds of thousands of dollars to advertise to a captive membership? That advertising expense could have been used to put money into your pockets by the retirement of capital credits sooner instead of waiting years. Or reducing electricity rates,

    Why are we members spending money on a office in Las Vegas ?

    Now ask yourself why your electric rates are higher than most electric co-ops.

    Management is literally stealing money from its members to live the high life. And the present six Directors of VEA have promoted this wasteful spending.

    Time to send David Dawson packing by voting for Gene Hobson, candidate for Director District 6, who has YOUR interest instead of Tom Husted’s interest.

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