EPB Tops $150 Million Mark For Fiberoptic Income; Over 1,000 Solar Panels Sold

  • Friday, July 21, 2017

EPB has past the $150 million mark for revenue from its lucrative fiberoptic business.

Greg Eaves, chief financial officer, said revenue for the fiscal year just ended was $150.1 million.

The fiberoptic side is now debt free. The money owed stood at $19 million this time last year.

Mr. Eaves said fiberoptic had a profit of $27.9 million and also was able to contribute $38 million to the electric side - helping to hold down rate increases.

EPB officials said over 1,000 of 4,000 new solar panels at the EPB complex on Holtzclaw Avenue have been sold.

"Folks care about where their energy comes from," CEO David Wade said.

Carlos Smith, EPB attorney, said large businesses and industries are anxious to get involved in solar and meet company environmental and social policy platforms.

EPB said if all the panels sell out that the agency will look at constructing more.

Mr. Wade said the cost of solar has been coming down, but it is still slightly higher than the grid.

 

 

Breaking News
Latest Hamilton County Arrest Report
  • 4/20/2024

Here is the latest Hamilton County arrest report: ALDERETE, JOE ERIC 115 HARLEY DAVIDSON DR Trenton, 307524259 Age at Arrest: 26 years old Arresting Agency: Chattanooga PD Booked for ... more

Ringgold Man Gets 30 Years In Prison With 15 To Serve For Cruelty To His 2 Children
Ringgold Man Gets 30 Years In Prison With 15 To Serve For Cruelty To His 2 Children
  • 4/19/2024

A Ringgold man has been convicted for cruelty to children and sentenced to 30 years in prison - with the first 15 years to serve. On Wednesday, a Catoosa County jury convicted Dillan Michael ... more

Motorcyclist Killed In Accident Involving Deer
  • 4/19/2024

A motorcyclist was killed after apparently striking a deer Thursday night. A Hamilton County Sheriff's Office Deputy was patrolling the 11500 block of Birchwood Pike at approximately 11:55 ... more