Pro@programming.dev to Technology@lemmy.worldEnglish · 1 month agoIn North Carolina, Exploding Bulbs and Fridges on the Fritz Reveal a Town’s Fraying Electric Systeminsideclimatenews.orgexternal-linkmessage-square5linkfedilinkarrow-up180arrow-down12
arrow-up178arrow-down1external-linkIn North Carolina, Exploding Bulbs and Fridges on the Fritz Reveal a Town’s Fraying Electric Systeminsideclimatenews.orgPro@programming.dev to Technology@lemmy.worldEnglish · 1 month agomessage-square5linkfedilink
minus-squarejubilationtcornpone@sh.itjust.workslinkfedilinkEnglisharrow-up41arrow-down1·1 month agoTLDR: The town owns its own electric utility and mismanaged the utility’s funds to the point of leaving the distribution system in severe disrepair.
minus-squarejubilationtcornpone@sh.itjust.workslinkfedilinkEnglisharrow-up22·1 month agoMismanaged. Subsidizing shortfalls in the general fund using funds from the electric utility.
minus-squareshortwavesurfer@lemmy.ziplinkfedilinkEnglisharrow-up1arrow-down2·1 month agoImbezzled. Money was used to pay for somebody’s vacation.
TLDR: The town owns its own electric utility and mismanaged the utility’s funds to the point of leaving the distribution system in severe disrepair.
Mismanaged or embezzled?
Mismanaged. Subsidizing shortfalls in the general fund using funds from the electric utility.
Imbezzled. Money was used to pay for somebody’s vacation.
Yes.