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Nashville Electric Service

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Industry
  
Electric utility

Key people
  
Decosta Jenkins (CEO)

Founded
  
16 August 1939

Operating income
  
111.2 million USD

Area served
  
Nashville, Tennessee

Products
  
Electricity

Type of business
  
Public

Nashville Electric Service billpayhttpcomwpcontentuploads201505Nashvil

Total assets
  
USD 1,159,689,000 (2009)

Headquarters
  
Nashville, Tennessee, United States

CEO
  
Decosta Jenkins (Sep 2004–)

Profiles

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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.

Contents

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.

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References

Nashville Electric Service Wikipedia