SunEdison, the company that is supposed to supply Georgetown with 150 mega-watts of solar generated electricity starting later this year, has become front page news in the financial world. This company used financial engineering, deception and out-right lying to construct a solar generating business that was destined to fail. It has cost investors over $10B!
The entire sordid story can be found on the front page of today's Wall Street Journal. WSJ
Yet, the City of Georgetown has issued no statement on the impact of SunEdison's impending bankruptcy on the citizens of Georgetown and the steps taken to assure adequate electricity in the future. There is too much secrecy surrounding the Georgetown electric utility operation and it needs a good dose of sunshine!
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