The Murfreesboro City Council conducted a Special Meeting of the Council, Thurs., Dec. 5, at 5:00 p.m. in the Council Chambers of City Hall. The purpose of the Special Meeting was to hear a presentation and discuss the potential sale of MED, the City Electric Department’s operations, to Middle Tennessee Electric Membership Corporation (MTEMC).
A YouTube video of the Special Meeting is available for viewing at https://youtu.be/WrDqWsxGhRQ.
Who: The Murfreesboro City Council, City Manager Craig Tindall, MTEMC President/CEO Chris Jones.
What: The Council heard a presentation and discuss the potential sale of the City’s Electric Department to MTEMC.
When: Thursday, Dec. 5, 2019 – 5:00-7:00 p.m. (2 hour meeting)
Where: City Hall Council Chambers
111 West Vine St.
Murfreesboro, TN 37130
Staff of the two utilities have worked to analyze the transaction and the benefits to the ratepayers and the City’s citizens. As analysis and other required processes are completed, a public information session will be scheduled to provide information to the public pertaining to the transaction and the future of electric service in the City. City Council will deliberate, consider, and decide on the transaction at a later public meeting. The MTEMC Board of Directors will also consider the transaction. If Council and the Board decide to move forward, the transaction will be submitted to the Tennessee Valley Authority (TVA) for analysis of the impact to electric rates, if any, and approval of the transfer of the City’s contract. If these approvals are granted, City and MED staff will begin the process of merging operations with MTEMC.
Murfreesboro Electric is a department of the City of Murfreesboro and is overseen by the Power Board and the City Council. MED operates under a contract with The Tennessee Valley Authority (TVA), a federally chartered corporation, which generates all of the electricity distributed by MED to its 67,000 customers. Middle Tennessee Electric Membership Corporation is the largest cooperative in the TVA system and the third largest in the U.S. with nearly 230,000 customers. MTEMC also purchases all of the electricity it distributes from the TVA.
For City News online, visit www.Murfreesborotn.gov.
# # #