From statesman.com, August 6, 2008...
The Pedernales Electric Cooperative on Tuesday disclosed a $565,000 bank account that few knew existed, including General Manager Juan Garza, who took the helm of the member-owned utility in February.
The account at Cattleman's National Bank in Round Mountain, which is the type that does not accrue interest, could be more than 2 decades old. It is held under the name of Texland Electric Cooperative Inc., an unsuccessful Pedernales venture formed with another Central Texas co-op in the late 1970s to early 1980s to generate electric power.
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Thursday, August 7, 2008
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