From bad to worse over at Ascent


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We laid bare last week the grim financial picture at Ascent — the former St. Thomas Energy — which bled more than $14 million in red ink in 2014.
It’s an ugly scenario the mayor and city council were loathe to reveal publicly and you really had to have a penchant for picking over financial statements to get a sense of how dire the situation is.
As shareholders, the city was not going to issue a media release to ratepayers in an attempt at damage control.
And there’s another dramatic turn of events this week at Ascent: City Scope has learned CEO Ron Osborne has tendered his resignation.
Don’t hold your breath waiting for the shareholders to confirm that one either.
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