Most of us know a little bit about the Salt River Project (SRP), the company that provides our electrical power here in the Valley. But, according to "SRP FACTS FY11", SRP is actually two (2) entities:
The Salt River Project Agricultural Improvement and Power District, a political subdivision of the State of Arizona. The district provides electricity to about 949,000 retail customers in the metropolitan Phoenix area.
The Salt River Valley Water User's Association, a private corporation. The association delivers nearly 1 million acre-feet of water annually to a service area in Central Arizona.
SRP has over 4,300 employees here in the Valley, and the key phrase here is that SRP is actually "a political subdivision of the State of Arizona." SRP is virtually a government monopoly.
While perusing their "PULSE" (newsletter publication), I couldn't help but notice the number of service anniversaries of 35 and 45 years. Good for those folks, and SRP is a great place to work, but possibly SRP could consider some kind of "30 & OUT" program. Let those folks enjoy their retirements, and spend their generous pensions (with benefits) and 401Ks, and let some other (younger) people in to move up through the organization.
That's part of what's wrong with the U.S. We bemoan the 55+ unemployment situation; and while the wealth disparity in America is at its worst in decades, the disparity actually favors the 55+, while the 20/30-somethings' unemployment rate is huge, plus their net-worth is virtually zero.
And the people in the middle are kind of lost in all this. That's partly what's fueling the Occupiers. I guess I can't blame them.
John & Patti Latson