EPB Officials Say Bitterly Cold Temperatures Hard On Customers, But Should Help Revive Utility's Finances

Friday, January 24, 2014

EPB officials said Friday that the recent bitterly cold temperatures will be hard on customers, but should help revive the utility's "really disastrous financial start" to the fiscal year due to extremely mild temperatures.

Greg Eaves, chief financial officer, said EPB had an operational gain of $4.4 million last month.

He said it wound up with a $3.5 million profit on the electric side.

Mr. Eaves set EPB had gotten $12 million behind on its budget, and still may wind up about $2 million off the target.

Harold DePriest, president, noted, "For a lot of our customers, it is going to be a struggle" to pay the much-higher bills coming after months of cusomers getting a break.

But officials said EPB customers as a whole pay their bills at a much better rate than other utilities.

Mr. DePriest said, "We really strive to treat our customers with dignity and respect. We really work with our customers."

Joe Ferguson, board chairman, said, "We go the last mile before cutting them off, especially in weather like this."

Officials said the fiber optic business is still helping prop up the electric side. It had $8.2 million in revenue last month with a profit of $1.2 million.

Mr. Eaves said it has supplied $10 million to the electric side in the first six months of the fiscal year.  


Barge Waggoner Sumner & Cannon, Inc. Names Chief Human Resources Officer

Michele Herlein has joined Barge, Waggoner, Sumner & Cannon, Inc., as Chief Human Resources Officer.   “Our focus on talent management, corporate culture, and employee engagement is an important component of the Barge Waggoner business strategy,” said Bob Higgins, chief executive officer. “So, I am thrilled to welcome Michele to our leadership team. Her experience, ... (click for more)

Supreme Court Dismisses Health Care Liability Lawsuit For Lack Of Proper Notice

The Tennessee Supreme Court has dismissed a health care liability lawsuit against six Knoxville medical providers because they were not provided with at least 60 days’ pre-suit notice of the action, as required under Tennessee law.  In 2011, Samuel and Mary Foster filed a health care liability lawsuit against Mr. Foster’s former medical providers. Before filing that action, ... (click for more)

6,533 Apply For Chattanooga Housing Authority Voucher Program

The Chattanooga Housing Authority closed its Housing Choice Voucher Program application process Monday at 11:59 p.m. There were 6,533 applicants. CHA will randomly select 1,000 of those names on Monday, for the voucher program waiting list. Anyone who is not selected will need to apply again in the future.  The Housing Choice Voucher program is a federal government program ... (click for more)

Times Free Press Pays Bonuses, Has Layoffs

The Chattanooga Times Free Press told employees on Monday that the newspaper had improved financial performance over the prior year quarters and employees were receiving two percent bonuses. Sources said at the same time, the newspaper announced some layoffs. Those include four people in the newsroom and an unspecified number in other departments. Bruce Hartmann, president, ... (click for more)

We Need The Chattanooga History Center

Having been on several of Dr. Daryl Black's walking tours, I can say that they weren't just informative, but a treat. The downtown, Fort Wood and Ninth Street of yesteryear were brought dramatically to life. We stood on the ground where Sherman had his headquarters (near the Ice Cream Show) and the corner where Bessie Smith sang as a young girl. And we also stood beneath the ... (click for more)

Roy Exum: He’s Exempt From Drunk

I love the old story about a popular Senator who, during the Cuban Missile Crisis, was asked late one evening, “Sir, what if we get bombed?” to which came the quick reply, “I’d be absolutely delighted … I can get one of my aides to drive us home afterwards.” You think of stuff like that when word comes from Kentucky that state legislator Brandon Smith was caught driving erratically ... (click for more)