EPB Payments To Local Governments Increase By 49% Since Smart Grid Deployment

Utility Is Largest In Lieu Of Taxpayer Or Taxpayer In Hamilton County

  • Wednesday, September 2, 2015

EPB has made this year's in lieu of tax payments totaling $19,175,457 to the City of Chattanooga, Hamilton County, and 15 other local governments. This year's payments represent an increase of 49% since construction of the community’s fiber optic smart grid began in 2008. 

Unlike other parts of city government, EPB receives no local tax money. EPB is the largest single payer of taxes or in lieu of taxes to both the City of Chattanooga and Hamilton County. These payments are based in part on the value of EPB property and assets which includes the Smart Grid equipment and the fiber optic network.

“The ability to significantly increase our payment in lieu of tax contributions to the communities we serve further demonstrates the value of EPB’s fiber optic network, which has reduced power outage minutes by 60% while delivering next-generation communications that improve quality of life and help grow the local economy,” said EPB president and CEO Harold DePriest.

During the last 10 years EPB has made a total of $140,531,789 of in lieu of tax payments to Chattanooga, Collegedale, East Ridge, Red Bank, Ridgeside, Signal Mountain, Lookout Mountain, Graysville, Lakesite, Soddy Daisy, Walden, Hamilton County, Bledsoe County, Bradley County, Marion County, Rhea County and Sequatchie County.

In most of the communities that EPB serves, payments in lieu of tax have more than doubled since the deployment of the fiber optic smart grid.

Breaking News
Latest Hamilton County Arrest Report
  • 3/28/2024

Here is the latest Hamilton County arrest report: ADERHOLT, FELICIA DAWN 1110 ST CLAIR ST DUNLAP, 37327 Age at Arrest: 37 years old Arresting Agency: HC Sheriff Booked for Previous ... more

Signal Mountain Must Determine How To Use Remainder Of ARPA Funds
  • 3/27/2024

The town of Signal Mountain has $358,637 remaining from the American Rescue Plan Act (ARPA) funds it received and there must be a plan in place by the end of the year for how the money will be ... more

2 Men Charged In Dalton For January Drive-By Shooting
  • 3/27/2024

The Dalton Police Department has charged two men for their roles in a Jan. 28th drive-by shooting near downtown Dalton. Joshua Lee Edwards, 36, of Dalton was charged with two counts of aggravated ... more