Nashville Electric Service

Nashville Electric Service
Public
Industry Electric utility
Founded August 16, 1939
Headquarters Nashville, Tennessee, U.S.
Area served
 Nashville, Tennessee
Key people
 Decosta Jenkins (CEO)
Products Electricity
Increase USD 111,234,000[1]
Total assets Increase USD 1,159,689,000 (2009)[1]
Website http://www.nespower.com

Nashville Electric Service is one of the 12 largest public electric utilities in the nation, distributing energy to more than 370,000 customers in Middle Tennessee. The NES service area covers 700 square miles (1,800 km2), all of Nashville/Davidson County and portions of the six surrounding counties.

In 1938, the Tennessee Electric Power Company, the investor-owned utility for the Nashville area since 1922, sued the Tennessee Valley Authority for selling power in Nashville. TEPCO lost the suit, and was broken up in 1939. TVA bought TEPCO's assets for $79 million, while the city of Nashville took over TEPCO's power generation and distribution network and created the Electric Power Board of Nashville to run it. The Board adopted Nashville Electric Service as its operating name, and TEPCO's 500 employees became employees of NES. The board became part of the newly formed metropolitan government after the merger of Nashville and Davidson County in 1963.

The five member Board is appointed by the Mayor and confirmed by the Metro Council. Members serve five-year staggered terms without pay. The Board appoints a chief executive officer who has responsibility for day-to-day operations, including hiring of employees.

See also

Notes

  1. 1 2 "Financials 2009" (PDF) (Press release). Nashville Electric Service. 2009-06-30. Retrieved 2008-12-24.


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