Clancy Lowered The Boom - BRA Beware

A day after St. Patrick's Day, Yancy Comes Out Swinging

A complaint is winging its way to the Attorney General's
office.

More than 10 days have passed since Darren Yancy made a
Texas Open Records Request for evidence that the Brazos
River Authority has made repairs and maintained the
hydroelectric project at Possum Kingdom.

A candidate for Senate District 22, Mr. Yancy today issued
a strong public statment condemning the stonewalling
tactics employed by the giant water management agency.

"On March 6, Brazos River Authority President Chris DeCluitt
responded to my letter of mismanagement. While appreciated,
it had no supporting documentation and it actually confirmed
the allegations. I could not respond sooner as additional
documentation requests to the BRA for verification of work
performed at the facility. Ten days can pass before a
request is out of compliance. No documentation has been sent
and a complaint will be filed at the Attorney General's
office.

Yesterday, Senator Kip Averitt's resignation from his
legislative seat became effective. The Governor has eight
days before he may declare a special election to fill the
unoccupied seat for the remainder of his term.

Former Senator David Sibley, for 11 years a Senator from
this district, has made statements that he will be a
candidate. Mr. Yancy has also made the same statement.

Until Friday, Mr. Sibley represented the Brazos River
Authority before the legislature and state regulatory
agencies as a lobbyist. He also dropped other power
companies and State Farm insurance from his practice, a
business which generates hundreds upon hundreds of thousands
of dollars per year for his firm, Sibley Group, in Austin.

Attached to his statement, Mr. Yancy wrote, "The link with
all the documentation in the release can be found at:"

http://www.darrenyancy.com/node/100/

The link connects visitors to his website and details the
chronology of his discovery of the lawsuit between Brazos
Electric Power Co-Op. It is pending in 414th State District
Court in Waco.

This lawsuit alleges that BRA contracted to supply
electrical power to the power company, then shut off the
hydroelectrical power generating equipment. That resulted
in 24 megawatts being take off the power grid.

The question that is uppermost in the minds of many
knowledgeable securities experts at this point is this.

Is it an actionable offense under SEC rules to allocate bond
monies, then place them in abeyance in the accounting system
and not spend them for their stated purpose?