In any state and or commonwealth the Attorney General represents the consumers during utility rate hikes, not himself or herself.
Well in Kentucky it appears the State Attorney General, Jack Conway, is profiting from utility rate increases via his stock ($5 million) with Bush buddy energy giants Kinder Morgan Energy. Richard Kinder, CEO, was of course the Chief Operating Officer or COO of the failed energy giant ENRON.
In 2010 Attorney General Jack Conway personally approved a utility rate increase of $6 million for Atmos Energy, another Bush buddy Texas energy giant. What is particularly disturbing is the fact that Kinder Morgan Energy and Atmos Energy make a lot of money off each other. So in reality Attorney General Jack Conway has profited and continues to profit from Atmos Energy. The same energy giant he approved a $6 million utility rate increase for.
That is a clear conflict of interest. In the short term Jack Conway needs to disclose all of his financial records for public inspection. In the long term he may be disbarred from practicing law within the Commonwealth of Kentucky for a vulgar conflict of interest. And at the end of the day Attorney General Jack Conway may need to resign from office.
Jack Conway is of course running for the Democratic nomination for U.S. Senate in Kentucky. Not to keep piling on Conway but he has received $10,000 in campaign contributions from Atmos Energy executives and over $18,000 from Kinder Morgan Energy executives. Not to mention a $50,000 plus fundraiser hosted in Houston Texas by Kinder Morgan goons. Counting the residual fundraising, wives, children, next door neighbors, Jack Conway has seen well over $100,000 in campaign contributions from big utilities.