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  Jack Conway discloses payments of $263,500 from Texas energy company
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ContributorImperator 
Last EditedImperator  Aug 24, 2010 08:39pm
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CategoryReport
AuthorHalimah Abdullah
News DateWednesday, August 25, 2010 02:00:00 AM UTC0:0
DescriptionWASHINGTON — Since 2009, Democratic U.S. Senate nominee Jack Conway has accepted $263,500 in stock distribution payments from Kinder Morgan Energy, a Texas-based energy company with ties to a utility company that operates in Kentucky.

As Kentucky’s Attorney General, Conway must advocate on behalf of residential ratepayers when utility companies seek a rate increase from the state Public Service Commission.

Conway revealed a $157,500 payment in 2009 and a $106,000 payment in 2010 from Kinder Morgan on a mandatory financial disclosure form that he filed with the Secretary of the U.S. Senate on Aug. 12.

The report was due on May 17, but Conway requested and was granted an extension until mid-August.

The report also shows that Conway received a $300,000 purse from racehorse Stately Victor’s win in the Bluegrass Stakes at Keeneland in April, a salary so far this year of $72,360 from the state and other investment income of between $26,400 and $110,900. The report only requires Conway to list ranges on most of his income and debts.

He listed a loan of between $1,000,000 and $5,000,000 from a margin account at Hilliard Lyons as his only liability.

Conway also reported earning a salary of $100,038.40 in 2009.

During the run-up to the May 18 primary, Lt. Gov. Daniel Mongiardo criticized Conway for taking campaign donations from utility companies and their employees as a U.S. Senate candidate while intervening in those utilities’ rate hike cases as the attorney general.
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