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PRWatch: Xcel Energy and Endo Health Cut Ties to ALEC, Making 72 Corporations Out

January 13, 2014

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 …

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Lobbying Disclosure Report – Endo Pharmaceuticals (2013)

December 27, 2012

Whereas, corporate lobbying exposes our company to risks that could affect the company’s stated goals, objectives, and ultimately shareholder value. Whereas, we rely on information provided by our company to evaluate goals and objectives, and we, therefore, have a strong interest in full disclosure of our company’s lobbying to assess whether it’s lobbying is consistent with its expressed goals and in the best interests of shareholders and long-term value. Resolved, the shareholders of Endo Pharmaceuticals Holdings Inc. (“Endo”) request the Board authorize the preparation of a report, updated annually, disclosing: Company policy and procedures governing lobbying, both direct and indirect, …

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