Durel – Huval Defend LUS Fiber Earnings
City-Parish President Joey Durel and Lafayette Utilities Director Terry Huval appeared on ‘Mornings With Ken & Bernie’ today and the only discussion centered on an article in yesterday’s Daily Advertiser critical of LUS Fiber.
Durel said, “the article in the Advertiser yesterday so distorted and misleading from the meeting the other night that I felt it was so inappropriate that I need to clarify the audit.”
According to Huval the audit was conducted 18 months ago and indicated about $16.5 million in losses but revenues are 57 percent higher than last year and last month was the first month that the debt service was paid and paid all operating costs out of earnings.
As Huval said, “yesterday we turned the corner on being self-sufficient.”
Listen to ‘Lafayette Live’: