Wednesday, December 14, 2011

Private Utilities Skip Annual Reports

Sarasota County government is threating to revoke three utility franchises’ agreements if they fail to complete required paperwork.
Lake Forest Utilities and Sylvan Lea, Inc. are two companies that have not filed their 2010 reports. Bee Ridge Utility Corporation is a seven-year offender, which continued sending in its franchise fee but neglected to file the annual report supporting their fee structure.
Utilities are usually monopolies — one electricity provider, or one sewer system per area. When Sarasota County was the growth capital of the nation, private utility companies proliferated. To make sure they did not gouge their customers, and paid an appropriate franchise fee to the county, they had to file annual financial reports.
In the late 1970s and through the 1980s, the county bought up a substantial number of these

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