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EPB of Chattanooga, formerly known as the Electric Power Board of Chattanooga, is an American electric power distribution and telecommunication company owned by the city of Chattanooga, Tennessee. [2] EPB serves nearly 180,000 homes and businesses in a 600-square mile area in the greater Chattanooga area and Hamilton County. [3]
In 2012, Governor Bill Haslam proposed to eliminate the full-time TRA board, replacing the four-member board with a board of five part-time members to be appointed by the governor and legislature, plus a full-time paid executive director. On May 1, 2012, both houses of the General Assembly gave final approval to a bill to implement Haslam's plan.
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After the Supreme Court in 1939 dismissed a challenge to the authority of the TVA to sell electricity in the service territory of the company, [3] TEPCO's electric system was purchased for $78,425,095 by the Tennessee Valley Authority and other participating municipal public utilities and electric cooperatives.
The logic behind this is simple. If a utility's revenue requirement is $10 million, and it expects to sell 100 million units, the rate per unit is $0.10 cents/unit. If the utility actually sells 100 million units at $0.10 cents/unit, it will collect its $10 million revenue requirement.
See forecasts for DC, Philadelphia, Kansas City, more Two separate winter storms are threatening to bring snow and ice to much of the Midwest and East Coast this week. Fox Weather 7 hours ago