PRWatch: Xcel Energy and Endo Health Cut Ties to ALEC, Making 72 Corporations Out
The Center for Media and Democracy’s PRWatch reports that Xcel Energy and Endo Health Solutions are the latest companies to exit the American Legislative Exchange Council (ALEC).
Rebekah Wilce writes:
“A spokesperson for Xcel Energy — a $10.1 billion a year public company based in Minnesota — said that the company hasn’t been a member of the American Legislative Exchange Council (ALEC) since 2011 in response to a recent letter to the Boulder Weekly criticizing Xcel’s efforts to reduce homeowner solar “net metering” credits as a hindrance to transitioning to renewable energy sources. The spokesperson attempted to distance the company from ALEC, complaining, “if you’ve been affiliated once, then they’ll brand you for life.”
Xcel Energy was listed as a state co-chair in ALEC documents from the summer of 2011, but Xcel told Boulder Weekly that it last paid dues in 2010. It is not clear when Xcel actually stopped aiding ALEC.
In addition, responding to investor pressure, Endo Health Solutions — a $3 billion a year publicly traded company based in Pennsylvania — has cut ties to ALEC and stopped providing any funding to the group, according to a statement by Trillium Asset Management, which is engaged in shareholder advocacy with the company.”
You can read the entire article here.