The trail of a sale now dead

Editor’s Note:  It is now clear to everyone but Florida Power & Light executives that the utility giant’s attempted acquisition of Vero Electric is a dead deal.  

Feigning indignation, some are acting as if this weeks’ developments have come as a great surprise and disappointment.  For any sentient being, the unraveling of the power sale should come as no surprise.

The following is a selection of stories and commentary on the proposed sale of Vero Electric published by Inside Vero since early 2013.  

January 9, 2013 – Guest Column – Why hold referendum on selling Vero Electric to FPL before questions are answered and issues resolved?
February 24, 2013 – Fletcher, Carroll, Turner sign sales agreement with FPL, but questions remain about whether deal can close
March 13, 2013 – Referendum vote will lead to a sale in early 2014, or to a dead end and higher rates.  Only time will tell.
May 7, 2013 – Attorney’s memo alludes to additional costs to selling Vero Electric
July 2, 2013 – Editorial: Are the wheels coming off the power deal?
December 17, 2013 – What exactly is the Florida Municipal Power Agency?
February 21, 2014 – From $156.5 million in proceeds to a $26 million surcharge – the anatomy of a deal gone bad
March 20, 2014 – It is now clear there never was a “plan,” or a “path forward,” only a dream
April 9, 2014 – All the king’s horses and all the king’s men

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