Shame Shame Shame

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Michael Parks, CEO
Crescent Capital Finance Group
11100 Santa Monica Boulevard
Suite 2000
Los Angeles, CA 90025

Mr. Parks, August 18, 2013
Shame on you.

Shame. Shame. Shame.

As the Chairman of the Board of Directors for El Paso Electric Company, I am very sure that you are aware of the Santa Teresa to Montoya project currently underway in El Paso in which we homeowners are up in arms. We are up in arms because El Paso Electric Company, in its greed, failed to procure the proper permits and licenses; it failed to conduct the required Environmental Impact Surveys, and it has flippantly, through its mouthpieces, dared residents to take action, even when our properties were being torn down. Of course, now that we have proof that your company cut corners at the Federal and State levels, and is so cozy with the El Paso City Council as to make Betty Boop blush, your company’s assurances (aka lies) to the media to the contrary are little more than public perjury.

Shame. Shame. Shame.

Of course, from your millionaire’s perch in Los Angeles, California, a few dozen homes, a few protected owls, and a few million lost in property value in El Paso, Texas probably seems quite insignificant. Let me explain just how “insignificant” this is to us.

Last week, without permission, your El Paso Electric Company goons broke down the rock walls separating the highway (Artcraft) from the closest homes to the project. There is no eminent domain order, and as it turns out, you don’t even have the permits from the city, and by the way, public notification / input laws are just inconveniences when you are accustomed to work in a city with such a high level of Hispanics Immigrants who generally are unaware of the law and just roll over and accept your corrupt ways; and you take advantage of that cultural divide. (Some would call that racist)

Turns out, you messed with the wrong neighborhoods.

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Shame. Shame. Shame.

On July 11th, in order to cover her tracks, one of El Paso’s own corrupt city council members, Ann Morgan-Lilly called a meeting in which she tried to “sell” this project (along with backup from the El Paso Electric Company goon Mary-Beth Stevens in case she misspoke). Her own “expert” came in and explained to us that our local property values would “only” be diminished by the “insignificant” amount of 5% to 10%. With the average home being worth $150k in this neighborhood, your project, in addition to breaking all the laws, killing all the wildlife, and putting our heath at risk, is diminishing our lower-middle-class home values. For the soldier who just bought his home with his VA loan last year and had little equity in his house, he is now “below water” by $15,000 (half of his annual salary) due to YOUR INSIGNIFICANT LITTLE PROJECT. (Which will make you what… a few hundred million dollars?)

Shame. Shame. Shame.

In conclusion, El Paso Electric Company, under your watch has broken law after law. It has flippantly diminished the home values of thousands of El Paso residents, while you reap your millions in Los Angeles, California.

I’m sure you don’t care about us Texans at all, but let me tell you something, when your stock price begins to dip because of the SHAME that this project has brought El Paso Electric Company, you will remember this letter.

Shame on you sir, shame on your entire company. You are not corporate citizens, you are corporate rapists and plunderers.

Sincerely,

Jon Williams
www.IAmATexan.com

michael-parks

Micheal K. Parks
michael.parks@crescentcap.com

CC: AP, Los Angeles Times, CNBC, FoxNews, Fox Business, DrudgeReport, UPI, MSNBC

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Editorial Note: This public shaming represents me, Jon Williams, not the attorneys representing Artcraft Neighborhood Association or even any of the other homeowners. I’m pretty ticked off, can you tell?

Comment section below!

What do you think about this? Comment section below!

Comments

Comments

10 thoughts on “Shame Shame Shame

  1. Perhaps Mr. Parks should find out what life is like in an El Paso jail…it would be such a shame if he was locked up and forgotten about now wouldn’t it.

  2. I have a question.
    Is there no competition for electricity providers in El Paso?
    In Harris County (Houston) there are at least 15 different companies I may buy my electricity from.
    The one company that maintains the lines (and does a fine job) in Centerpoint.
    Seems to me a little compeition would be good for everyone, except El Paso Power.

  3. This stinks of corruption. What is that councillor lady gotten out of this deal? I think she should be investigated, her bank accounts etc., and between her and Mr Parks, take all there money and restore the damage they have caused.
    Put them out of business. End of story. Set an example.

  4. And a hefty lawsuit can’t be brought…why? Bloom Energy will one day provide the answer to areas of developments such as these….maybe now…..maybe Artcraft will be their first… call them.

  5. You need to realize that yes there are many “providers” for you to choose from, but, like in the corpus christi area and surrounding are, there is only one provider of the actual transmission lines, also know as power lines. That owner of those transmission lines is AEP, American Electric Power Co. All these “providers” can into being when the state deregulated the electric industry. They just “buy” electricity and a wholesale rate and retail it to consumers.

  6. That is incorrect. El Paso is one of the only regions in the United States which is exempt from deregulation. EPEC owns the lines, equipment, and bills the customers with no competition whatsoever.
    It’s what makes them thugs here – and it’s one of the things that makes it so hard for me to communicate it to the rest of Texas as it is easier (I know, I moved here from Waco where I could change my company at a moment’s notice)>
    Thank you for your input, however ill-informed it was. -Jon

  7. In a follow-up they HOA is being intimidated by El Paso police for “Threatening” and “advocating violence against Mr. Parks”. I’m sorry but I do not see it. Like our federal government; if you disagree with “them” they feel threatened and will use any means necessary to intimidate, threaten and bully their critics into silence and compliance.

  8. I am in Williamson County and with PEC we are NOT offered the luxury of choosing another company because PEC says so!! How is that for fairness. From where I stand it sucks!!

  9. Wow! It seems a shameful action to try to intimidate Jon by involving the police over a letter that clearly did not have a single mention of anything threatening… “when your stock price begins to dip because of the SHAME…” is not a threat – hopefully it will be the result of customers of Crescent Capital Finance Group taking their business elsewhere. I know I will. Kudos to Jon for trying his best to defend his neighborhood and Texas By the way… shame, shame, shame on you, Michael Parks, CEO Crescent Capital Finance Group! Try to call the police on me now. 🙂

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