Mild Weather Playing Havoc With EPB Power Budget

Friday, September 20, 2013

Chattanooga's mild summer is playing havoc with the power budget at EPB.

Revenue on the power side for the fiscal year to date is $103 million, but that is over $14 million below budget.

Executive Vice President and CFO Greg Eaves said, "We aren't panicking yet, but we may start diverting some capital projects."

Harold DePriest, EPB president, noted that the utility depends on air conditioners churning in the hot summer and the heat turned up in the winter.

Joe Ferguson, board chairman, said a frosty winter may help bring the budget back in line. He said the Farmer's Almanac is predicting an especially cold winter. But Mr. DePriest said he is not placing too much faith in that prognostication.

Mr. Ferguson asked Mr. DePriest, "What are you going to do about the weather?"

Mr. DePriest replied, "That's above my pay grade. It's board related."

Mr. Eaves said the burgeoning fiber optics side of the EPB business is helping take up some of the slack. It has contributed $1.7 million thus far in the fiscal year.

David Wade said the EPB for the first time has been gaining revenue from PBX hosting.  He said EPB now is able to function as "a virtual phone switch." He said in some cases the EPB team has been able to install a phone switch system for a local company in a single day.

He also said that EPB is now able to offer to large power users the ability to monitor their power usage in real time. He said they can use the tracking system to help manage their power usage.

 



Several Candidates Vying For Rhea County Register Of Deeds After Gladys Best Retires After 56 Years

Several candidates are in the race for register of deeds in Rhea County after Gladys Best finally decided to hang it up.   Ms. Best is retiring after 56 years in the post.   Among the candidates is her deputy, Teresa Hulgan. Also running in the Republican primary in May will be Diane "Dicy" Brown, Caroline Housley, Adam Hurst and James Nevans. ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ADAMS, RHONDA DALE  APT B 7602 NOAH REID RD CHATTANOOGA, 37416  Age at Arrest: 48 years old Arresting Agency: Hamilton County THEFT OVER $1,000 --- BARHAM, KENNADY ELISABETH  3131 MOUNTAIN CREEK ROAD APT 14B2 CHATTANOOGA, 37415  Age at Arrest: 21 years old Arresting Agency: Chattanooga ... (click for more)

MLK Boulevard TIF Is A Public Scam From People You Should be Able To Trust

TIFs (Tax Incremental Financing) were created to allow cities to do projects they cannot afford.  A TIF project also allows various private construction costs to be subsidized by sequestered  future  property taxes that normally would go into the general fund for running a city. It’s credit card spending with a new fancy name. Politicians love it because it sounds ... (click for more)

Roy Exum: One Principal’s Reaction

On the morning after the mass shooting in Florida last week, a 17-year-old at Ledyard High School in Connecticut made an offhand comment during his first period class, “I could buy an AR-15.” At that, all the teachers panicked. Really. The school was soon so rattled by the comment the principal called the cops. And those five words got the child shackled, taken into custody, and ... (click for more)

Ware, Raiders Light Up Walker Valley, 81-36, To Win 5-3A Title

CLEVELAND, Tenn. – After one quarter, Cleveland needed to get junior workhorse Dionte Ware “involved” in the offense during Tuesday’s District 5-3A tournament championship game against Walker Valley. After scoring zero first-quarter points, Ware showed some life with six points in the second period, but he wasn’t yet weaponized. At halftime, Cleveland coaches addressed ... (click for more)

Signal Mountain Sweeps 6-AA Tournament Titles

The third time was the charm for the Signal Mountain boys, but not so for the Red Bank girls. The second-seeded Eagles avenged two regular-season losses to Tyner on Tuesday night at Howard’s Henry Bowles Gymnasium to win their first District 6-AA championship by a 46-40 final. The second-seeded Lionettes were facing the top-seeded Signal Mountain Lady Eagles.   The third ... (click for more)