EPB Closely Watching Rapid Changes In Video Delivery, Involving Shift Away From Cable

  • Friday, June 23, 2017

EPB officials said they are closely watching rapid changes in how video is delivered to consumers, including a shift away from cable.

David Wade, EPB president, noted that for the first time cable companies are not the largest deliverers of video.

Netflix has reached almost 51 million customers, while U.S. cable companies have dipped to 48.61 million subscribers.

Mr. Wade said EPB wants to be ready to respond for any technological updates, but doesn't want to jump too quickly.

It was noted that the utility has been highly successful on its fiber optic business that includes phone, Internet and TV services, but the video part is just on about a break-even status because of the high cost of programming.

Mr. Wade said the surge in Internet streaming should bode well for EPB with its vaunted fiber optic system. 

EPB is not planning an electric rate increase with its upcoming budget - thanks in large part to the fiber optic business. Greg Eaves, chief financial officer, said there would have to be a seven percent hike on the electric side without the infusion from fiber optic.

Officials said EPB's new solar farm on Holtzclaw Avenue is now generating power.

"On bright days, it is bringing in exactly what we expected," Mr. Wade said. It is producing about 1.08 megawatts when the sun shines.

There will be a grand opening on July 11, then EPB will start selling or leasing the solar power to customers.

 

 

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