ENCLOSURE 2 NOTICE TO ELECTRIC SYSTEM CONSUMERS OF INVESTMENT IN COMMERCIAL BROADBAND
Glasgow Electric Plant Board (GEPB) requested authorization from its regulator, the Tennessee Valley Authority (TVA), to invest electric system revenues in its commercial broadband division. This Notice is being provided to GEPB’s customers pursuant to TVA’s regulatory transparency requirements. Previously, GEPB filed an application with TVA requesting authorization to invest electric system revenues in its broadband entity. Specifically, GEPB will use electric system revenues to finance their commercial broadband business in its service territory over multiple years. The total combined fiber investment for electric and commercial broadband purposes is projected to be $11.5M. Of this amount, GEPB plans to loan $2M to the broadband division. Per TVA requirements and conditions of TVA’s authorization, the broadband division is required to repay GEPB this amount, plus interest, in nineteen years or less from the date of TVA’s authorization for the electric funds loaned to it for commercial broadband purposes. It is estimated that the total investment for both electric and commercial broadband will not have any rate impacts. Any questions regarding this broadband investment should be directed to Melanie Reed, Chief Financial Officer, P.O. Box 1809, Glasgow, KY 42142, (270) 651-7572