Rep. Lilly Bothered by EP Electric CEO Pay Raise
POSTED: Monday, March 28, 2011 - 5:11pm
UPDATED: Wednesday, May 11, 2011 - 8:46am
EL PASO – The CEO of El Paso Electric is getting a major raise, and some city leaders are not happy about it.
Just weeks after the utility company came under fire for power plant failures and rolling blackouts that crippled the city early February, EP Electric approved a $100,000 raise for its CEO, David Stevens.
One city representative said, she doesn't get it.
“I am bothered because...I think the longest lasting blackouts were in district one and my constituents are still upset. They still remember four days without electricity,” said City Representative Ann Morgan Lilly.
But the company stands by its decision to give Stevens a raise. In a written statement, Teresa Souza with EP Electric said,
“After reviewing David Stevens' performance in 2010, the compensation committee of the board determined that an increase in his compensation was fair and appropriate.”
Meantime, El Paso Electric is being investigated by the city, state and federal authorities, over how it handled the freeze.