{"id":1055,"date":"2018-07-18T00:00:00","date_gmt":"2018-07-18T04:00:00","guid":{"rendered":"https:\/\/djpbl1vktd.wpdns.site\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\/"},"modified":"2024-06-28T13:18:29","modified_gmt":"2024-06-28T17:18:29","slug":"brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division","status":"publish","type":"post","link":"https:\/\/brightridge.com\/es\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\/","title":{"rendered":"La junta directiva de BrightRidge vota para iniciar una divisi\u00f3n de banda ancha, televisi\u00f3n y tel\u00e9fono de 10 Gb"},"content":{"rendered":"<!-- Hero Cached -->\n<style>\n.hero-contain{max-width: 1440px;margin-right:auto;margin-left:auto}\n#hero-section{\n  background-image: url(https:\/\/brightridge.com\/wp-content\/uploads\/2024\/06\/News-Articles.png);\n  background-position: center center !important;\nbackground-position-y:% !important\n}\n#hero-section > .mask{\n  background-color: #000000A1 !important;\n}\n<\/style>\n<div id=\"hero-section\" class=\"text-center bg-image fs-18\">\n    <div class=\"mask py-5 px-6\">\n        <div class=\"hero-contain d-flex justify-content-start align-items-end h-100\">\n            <div class=\"lh-sm text-white\">\n<div class=\"text-start breadcrumbs\">        <div class=\"breadcrumb-container theme1\">\r\n                    <ol>\r\n                    <\/ol>\r\n        <script type=\"application\/ld+json\">\r\n        {\r\n            \"@context\": \"http:\/\/schema.org\",\r\n            \"@type\": \"BreadcrumbList\",\r\n            \"itemListElement\": [\r\n                            ]\r\n        }\r\n    <\/script>\r\n    <style type=\"text\/css\">\r\n        .breadcrumb-container {\r\n            font-size: 13px;\r\n        }\r\n\r\n        .breadcrumb-container ul {\r\n            margin: 0;\r\n            padding: 0;\r\n        }\r\n\r\n        .breadcrumb-container li {\r\n            box-sizing: unset;\r\n            display: inline-block;\r\n            margin: 0;\r\n            padding: 0;\r\n        }\r\n\r\n        .breadcrumb-container li a {\r\n            box-sizing: unset;\r\n            padding: 0 10px;\r\n        }\r\n\r\n        .breadcrumb-container {\r\n            font-size: 16px !important;\r\n            padding: ;\r\n            margin: ;\r\n        }\r\n\r\n        .breadcrumb-container li a {\r\n            color: #389eff !important;\r\n            font-size: 16px !important;\r\n            line-height: 16px !important;\r\n        }\r\n\r\n        .breadcrumb-container li .separator {\r\n            color: #c5c5c5 !important;\r\n            font-size: 16px !important;\r\n        }\r\n\r\n        .breadcrumb-container li:last-child .separator {\r\n            display: none;\r\n        }\r\n\r\n            <\/style>\r\n    <style type=\"text\/css\">\r\n        .breadcrumb-container.theme1 li {\r\n            margin: 0;\r\n            padding: 0;\r\n        }\r\n        .breadcrumb-container.theme1 a {\r\n            background: #ffffff;\r\n            display: inline-block;\r\n            margin: 0 5px;\r\n            padding: 5px 10px;\r\n            text-decoration: none;\r\n        }\r\n    <\/style>\r\n        <style type=\"text\/css\">\r\n        .breadcrumb-container{}\r\n.breadcrumb-container ul{}\r\n.breadcrumb-container li{}\r\n.breadcrumb-container a{}\r\n.breadcrumb-container .separator{}\r\n    <\/style>\r\n    <script>\r\n            <\/script>\r\n        <\/div>\r\n        <\/div>\n                <h1 class=\"mb-3 lh-1 text-start fs-72 text-white fw-400\">BrightRidge Board Votes to Initiate 10 Gb Broadband, Television, and Phone Division<\/h1>\n                <div class=\"fw-normal text-start h5 mb-1\"><hr \/>\n<p>\u00a0<\/p><\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-311a9734\">\n<div class=\"gb-container gb-container-58f7ce2d\">\n<div class=\"gb-container gb-container-56edb767\">\n\n<p class=\"wp-block-paragraph\"><strong>JOHNSON CITY<\/strong> \u2013 BrightRidge directors approved moving forward Wednesday with an 8-year, $64 million investment to bring competition to the regional broadband, cable television and phone service marketplace.<br>By unanimous vote, the Board, after three years of study, agreed to move forward with a phased plan that will offer up to 10 Gb symmetrical service to commercial and residential customers. A public hearing will be held on July 26 at BrightRidge, and then the request will go to the Johnson City Commission, which under state law must give final approval to enter the broadband business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The Board of Directors of BrightRidge\u2019s forerunner, Johnson City Power Board, considered a similar move about a decade ago but decided against the measure in part due to an estimated $120 million price tag at the time.<br>\u201cI am proud of this Board and the staff at BrightRidge for reaching this decision today,\u201d Board Chairman Dr. BJ King said. \u201cEach have put in the time necessary to make a sound decision that will greatly enhance the economic opportunity and well-being of the community by ensuring the fastest speeds in the marketplace to power our community moving forward.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Under the plan, each individual phase stands on its own as a viable business segment. The first-year expenditure is estimated at $14 million with the broad band division achieving positive net income by year four.<br>Building on BrightRidge\u2019s 167 miles of existing high-capacity fiber, distribution fiber will be extended into denser areas in and around Johnson City. From there, high-speed fixed wireless broadband will be offered in more rural areas.<br>At the end of 8 years, coverage provided to 75 percent of the BrightRidge service population, including customers living in Johnson City, Jonesborough, Washington County, Colonial Heights, Piney Flats in Sullivan County, and western Carter County.<br>As required by law, the Tennessee Comptroller\u2019s office issued a report detailing the importance of local diligence in making this decision while adding a note of caution on projected take rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u201cOur broadband business plan is built on a take rate of about 45 percent of those customers we pass actually signing up for the service,\u201d BrightRidge CEO Jeff Dykes said. \u201cOur external consultants and internal staff agree this is very realistic and comparable to take rates seen by some of our sister electric companies in the region.&nbsp;<br>\u201cHowever, we went the extra mile and prepared a draft model based on a take rate of about 33 percent \u2013 more than 26 percent lower than the original business model. Our business model easily supports the lower take rate although it would increase early year financing needs.\u201d<br>BrightRidge and its consultant, Magellan Advisors, have conducted several market surveys in recent years, each indicating a high level of demand for competition in the marketplace.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u201cOur business has always been built on providing first-class customer service at affordable rates for our customers,\u201d Dykes said. \u201cAnd that same model will be applied to the broadband telecommunications division, with local folks from right here in our community serving the community.\u201d<br>The Tennessee Valley Authority, which serves as federal regulator for BrightRidge, has thoroughly examined the business plan and agrees it will support electric division loans to the broadband division. TVA further agreed with the cost allocation method for shared infrastructure and employees.<br>Moving forward, TVA will monitor cost sharing and charges for services to ensure the broadband division pays for services and cover its costs with BrightRidge to maintain broadband specific reporting as well. Subsidizing broadband with electric division revenues is prohibited by law.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u201cOur electric customers will see perhaps the largest benefit of our entry into the broadband marketplace,\u201d Dykes said. \u201cBroadband will significantly reduce electric rate pressure as new revenue is generated by interest payments, facilities leasing, and shared personnel costs paid by the broadband division to the electric division. By 2030, the electric division will have received $41 million in payments not including loan principal from the broadband division.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>For the communities served by BrightRidge, substantial new fiber optic and broadband fixed wireless will be added to the community, enhancing economic development.<br>\u201cThe Board demanded a business plan that preserved the utmost flexibility moving forward,\u201d Dykes said. \u201cWe will have to ask for patience as we will not be positioned to serve everyone in year one, but by moving forward with a conservative approach, the broadband division builds cash necessary to help construct the buildout. A conservative approach also allows us to adapt to any technological advancements in the marketplace.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>In addition to enhanced economic competitiveness, broadband is expected to generate more than $1 million in new taxes for the communities BrightRidge serves.<br>By year eight an estimated 33,000 residential locations will be reached by BrightRidge fiber, with another 25,000 residential locations served by wireless. Service should initiate by the fourth quarter of 2018.<br>BrightRidge is a non-profit political subdivision of the State of Tennessee serving 78,000 customers in the region. BrightRidge is the 10th largest public power provider in the TVA System.<\/p>\n\n\n<div class=\"gb-container gb-container-98270934\">\n<div class=\"gb-container gb-container-412fbb2e\">\n\n<h3 class=\"gb-headline gb-headline-a924cc47 gb-headline-text\">About BrightRidge<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BrightRidge is a publicly owned electric utility serving 83,671 customers in Washington, Sullivan, Carter and Greene counties. It is the 10th largest local power company in the Tennessee Valley Authority service area. BrightRidge Broadband, a division of BrightRidge, offers nation-leading 10GB symmetrical fiber-to-the-premise services to more than 30,000 locations in its service area.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p><b>CIUDAD DE JOHNSON<\/b> \u2013 Los directores de BrightRidge aprobaron avanzar el mi\u00e9rcoles con una inversi\u00f3n de $64 millones a 8 a\u00f1os para llevar competencia al mercado regional de banda ancha, televisi\u00f3n por cable y servicios telef\u00f3nicos.<br \/>\nBy unanimous vote, the Board, after three years of study, agreed to move forward with a phased plan that will offer up to 10 Gb&#8230;<\/p>","protected":false},"author":1,"featured_media":2562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_searchwp_excluded":"","scheme-type":"","footnotes":""},"categories":[32],"tags":[],"wf_post_folders":[],"class_list":["post-1055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BrightRidge Board Votes to Initiate 10 Gb Broadband, Television, and Phone Division - BrightRidge Electric<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/brightridge.com\/es\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BrightRidge Board Votes to Initiate 10 Gb Broadband, Television, and Phone Division - BrightRidge Electric\" \/>\n<meta property=\"og:description\" content=\"JOHNSON CITY \u2013 BrightRidge directors approved moving forward Wednesday with an 8-year, $64 million investment to bring competition to the regional broadband, cable television and phone service marketplace. By unanimous vote, the Board, after three years of study, agreed to move forward with a phased plan that will offer up to 10 Gb...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/brightridge.com\/es\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\/\" \/>\n<meta property=\"og:site_name\" content=\"BrightRidge Electric\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YourBrightRidge\/?ref=ts\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-18T04:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-28T17:18:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/brightridge.com\/wp-content\/uploads\/2023\/01\/NEWS_RELEASE_GRAPHIC_broadband_03012019.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"588\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"brightridgeele\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@YourBrightRidge\" \/>\n<meta name=\"twitter:site\" content=\"@YourBrightRidge\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"brightridgeele\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/brightridge.com\\\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/brightridge.com\\\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\\\/\"},\"author\":{\"name\":\"brightridgeele\",\"@id\":\"https:\\\/\\\/brightridge.com\\\/#\\\/schema\\\/person\\\/78a3c61128e015d54c5373d06499c58a\"},\"headline\":\"BrightRidge Board Votes to Initiate 10 Gb Broadband, Television, and Phone Division\",\"datePublished\":\"2018-07-18T04:00:00+00:00\",\"dateModified\":\"2024-06-28T17:18:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/brightridge.com\\\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\\\/\"},\"wordCount\":824,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/brightridge.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/brightridge.com\\\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/brightridge.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/NEWS_RELEASE_GRAPHIC_broadband_03012019.jpg\",\"articleSection\":[\"Newsletter\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/brightridge.com\\\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/brightridge.com\\\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\\\/\",\"url\":\"https:\\\/\\\/brightridge.com\\\/brightridge-board-votes-to-initiate-10-gb-broadband-television-and-phone-division\\\/\",\"name\":\"BrightRidge Board Votes to Initiate 10 Gb Broadband, Television, and Phone Division - 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