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Using the power of corporate culture to achieve results: A case study of Sunflower Electric Power Corporation.

by Schulz, Justin W.^Hauck, L. Christian^Hauck, Rita M.
Management Quarterly • Summer, 2001 •
Sunflower Electric Power Corporation was the first of several generation and transmission cooperatives (G&Ts) to default on senior debt obligations. Sunflower was driven to renegotiate its financial obligations with its creditors, including the Rural Electrification Administration, the National Rural Utilities Cooperative Finance Corporation, and the Bank for Cooperatives. The debt restructuring agreement was signed just days before CEO, Chris Hauck, was hired in 1988. Sunflower and its eight members faced a plummeting local economy, double-digit interest rates, and the problem of what to do with their brand-new $500 million coal-fired Holcomb power plant, loaded with expensive cutting-edge pollution control equipment and sized to meet an anticipated booming demand for......

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Approximate Word Count: 5742
Approximate Pages: 23 (250 words per double-spaced page)

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