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.  


LBMC Technology Solutions Named To Intacct President's Club

LBMC Technology Solutions, LLC, a business software and technology consulting firm, and a member of the LBMC Family of Companies, has been named to Intacct’s 2015 President's Club.   Intacct, a provider of best-in-class cloud ERP software, awards this sales and customer satisfaction award annually to its top-performing channel partners, recognized value added resellers and ... (click for more)

Tennessee July Unemployment Rate Remains Unchanged

County unemployment rates for July 2015, released Thursday, show the rates increased in 53 counties, decreased in 21, and remained the same in 21 counties. Specific county information for July is available here . Davidson County had the state’s lowest major metropolitan rate in July at 4.9 percent, unchanged from June. Knox County was 5.4 percent in July, up from 5.3 the previous ... (click for more)

Boy, 4, Struck By Vehicle Near Tunnel Boulevard

A four-year-old boy was struck by a vehicle near Tunnel Boulevard on Saturday afternoon. A t approximately 4:20 p.m.,  the Chattanooga Police Department responded to 3400 Through St. on a c hild struck by a vehicle.  T he victim was conscious when officers arrived. He was transported to a local hospital. I nvestigators are continuing to compile ... (click for more)

Assessor Bennett, Former Assessor Ramsey In Jetton Camp For Assessor Of Property

Assessor of Property Bill Bennett and former Assessor Claude Ramsey recommended Sterling Jetton as the next assessor at a breakfast fundraiser at Wally's Restaurant in East Ridge on Saturday morning. Mr. Jetton, who spent 27 years in the assessor's office, is running against County Commissioner Marty Haynes in the March 1 Republican primary. Noting the political heavyweights ... (click for more)

DWT Is DUI

A routine narrative of a DUI arrest report goes something like this:   The defendant was operating a motor vehicle in the 00 block of sonsoroad. The driver was weaving back and forth across the marked roadway. The defendant drove through a stop sign. Was stopped at an intersection despite the traffic light was green. Entered the lane of another vehicle and caused a ... (click for more)

Roy Exum: ‘Black Lives Matter’ To Me

Between the time a 14-year-old boy was shot four times late Sunday afternoon on 7 th Street and a 20-year-old reputed gang member was killed Tuesday night on Willow Street, there appeared in my morning reading an article on “Black Lives Matter.” I read it because I mourn over what the black community continues to struggle with in both our city and our country. It is an article, ... (click for more)