LUBBOCK, TX (KCBD) -
LP&L Director Gary Zheng remains on paid administrative leave on Sunday night, but his job will be the focus Monday morning during a special Electric Utility Board meeting.
Their decision could cost rate-payers well over half-a-million dollars.
Back in May, the EUB voted 6-to-3 to place Zheng on leave. This came after allegations of bid-rigging last year, involving proposals to build a new power plant. An investigation found no illegal activity.
But another issue came to light in May. LP&L’s CFO told city leaders he took his concerns about the utility to the FBI. At issue, past-due invoices related to the power plant proposals.
And that was enough to place Zheng on leave.
Now the EUB says it may be ready to move forward.
Electric Utility Board Chairman Greg Taylor says, "At some point, we have to take steps to address the seriousness of some of those things and the majority of us felt at this point this was the proper action to take."
But moving forward will cost the city.
The board will meet on Monday to discuss Zheng's employment and severance, which would pay him two year's base salary, plus benefits and any vacation or sick time left.
Zheng currently makes $251,000 a year. His severance could end up being about $700,000 in total.
LP&L's Attorney Todd Kimbrough remains in charge until a replacement is named.
KCBD will be at Monday’s meeting and keep you up to date on this developing story on air and on the web.