Nashville Electric Service
| Public | |
| Industry | Electric utility |
| Founded | 1939 |
| Headquarters | Nashville, Tennessee, U.S. |
Area served | Nashville, Tennessee |
Key people | Decosta Jenkins (CEO) |
| Products | Electricity |
 USD 111,234,000[1] | |
| Total assets |
USD 1,159,689,000 (2009)[1] |
| Website | http://www.nespower.com |
Nashville Electric Service is among the twelve largest public electric utilities in the nation, currently employing a little over 1000 employees, and distributing energy to more than 350,000 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, 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 the five hundred employees of TEPCO become 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 of the Board 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
- ↑ 1.0 1.1 "Financials 2009" (PDF) (Press release). Nashville Electric Service. 2009-06-30. Retrieved 2008-12-24.