EPB Passes 50,000 Customer Mark For Fiber Optics Offering; Set To Pass Comcast

Friday, August 23, 2013

EPB officials said Friday they have passed the 50,000 customer mark for their fiber optics offering and are slated to pass Comcast in local customers sometime next year.

Harold DePriest, EPB president, said its highly successful EPB fiber optics venture is adding about 200 residential customers a week.

The initial business plan set a 28,000-customer break-even point and a "topping out" of 43,000 customers, he said.

He said the service, using the system's highly-touted fiber optic grid, has performed so well that it is providing enough annual income to cover the entire $19 million debt payment for the electric side of the business.

That saves electric customers from having to pay more on their monthly bills, Joe Ferguson, board chairman, said.

Mr. DePriest said Comcast had some 122,000 customers on the EPB grid when EPB launched its rival program. He said Comcast is down to around 75,000 and will likely drop to around 60,000 next year.

He said 70,000 customers "is very doable" for EPB Fi TV.

Mr. DePriest said other utilities in other cities want to emulate EPB's success and are coming here to learn how to do it. The staff had a recent visit from the utility at Opelika, Ala.

He said EPB has formed partnerships with Opelika, Jackson, Tn., and others in helping their TV efforts.

Mr. DePriest said EPB staff is helping provide certain services for those fledgling efforts and that is yielding additional income for EPB. The utility will make $1.2 million over three years under one contract, he said.

He stated, "Our folks have been through it. We can help them avoid mistakes."

EPB Fi TV, which has a new push to get more business customers, had $7.6 million in net sales last month.

Mr. DePriest said EPB is also drawing international attention for its succeses. He said it recently hosted a group of 17 utility personnel from Brazil.

He said, "They chose to visit us, Washington, D.C., the Kansas City offices of Google and Silicon Valley. We are in some pretty good company."

  

.


Catoosa County Arrest Report For March 20-26

Click  here  for the Catoosa County arrest report for March 20-26. (click for more)

Walker County Arrest Report For March 23-29

Here is the Walker County arrest report for March 23-29: MORGAN JASON DEWAYNE W/M 42 Officer GEBELEIN AGGRAVATED ASSAULT SIMMONS SHANNON NMN B/M 51 Officer GEDDIE SUSPENDED LICENSE, SPEEDING, SEAT BELT VIOLATION PARM JAMISON LANE W/M 26 Officer HUGGINS BATTERY F.V.A. CARDIN ROBERT RAYMOND W/M 51 Officer WILSON LEAVING THE ... (click for more)

Finley Stadium Needs To Grow Up - And Response

RE:  Finley Stadium Financial Picture Rosy; Beer And Alcohol Sales Approved; AstroTurf Almost Ready and City, County Pitching In $250,000 Each For New Finley Stadium AstroTurf I read a story here five days ago about a rosy future for Finley stadium. It lead me to believe that the stadium was making money and even improvements with donations.  Then we get a short ... (click for more)

Roy Exum: The 15-Year-Old Marine

There are 58,267 names on the Vietnam Veterans Memorial Wall that today sits majestically in the Constitution Gardens of our nation's capital. It has never been lost on me that 33,103 of those who are named were only 18 years old when they died. But what caught my eye during my morning reading is that one of the names carved in the black granite “Dan Bullock“ was only 15 years old ... (click for more)

Rail Runners Win In Double OT

East Ridge Alum Alex Wells has an impressive scoring resume from high school to now in semi pro, but missing is a game-winning shot at any level.   But Sunday afternoon in a Central Basketball Association game, he did everything but hit the winner (16 points) in guiding the Chattanooga Rail Runners to a 116-113 double overtime win against visiting Bowling Green (Ky.). ... (click for more)

UTC Women's Tennis Takes 1st Win Over Furman Since 1997

The University of Tennessee at Chattanooga women’s tennis got a huge monkey off its back with a 4-3 win over Furman on Sunday.  The Mocs snapped a 24-match losing streak against the Paladins with their first win in the series since 1997. UTC had come close in the last four meetings, falling 4-3 each time.  Today’s win gives Chattanooga a 14-2 overall record as it ... (click for more)