{"id":3589,"date":"2024-12-20T13:57:49","date_gmt":"2024-12-20T18:57:49","guid":{"rendered":"https:\/\/djpbl1vktd.wpdns.site\/?p=3589"},"modified":"2024-12-20T14:04:15","modified_gmt":"2024-12-20T19:04:15","slug":"brightridge-earns-34th-clean-audit-posts-strong-customer-growth-in-electric-and-broadband","status":"publish","type":"post","link":"https:\/\/brightridge.com\/es\/brightridge-earns-34th-clean-audit-posts-strong-customer-growth-in-electric-and-broadband\/","title":{"rendered":"BrightRidge earns 34th Clean Audit, posts strong customer growth in electric and broadband"},"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-2.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-start 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: 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.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 earns 34th Clean Audit, posts strong customer growth in electric and broadband<\/h1>\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<div class=\"gb-grid-wrapper gb-grid-wrapper-77e59737\">\n<div class=\"gb-grid-column gb-grid-column-077bc5c7\"><div class=\"gb-container gb-container-077bc5c7\">\n\n<figure class=\"gb-block-image gb-block-image-c68108a2\"><img loading=\"lazy\" decoding=\"async\" width=\"588\" height=\"392\" class=\"gb-image gb-image-c68108a2\" src=\"https:\/\/brightridge.com\/wp-content\/uploads\/2022\/02\/NEWS_RELEASE_GRAPHIC_EES_03012019.jpg\" alt=\"BrightRidge logo featuring colorful overlapping triangles in red, blue, and green above the company name in blue text.\" title=\"NEWS_RELEASE_GRAPHIC_EES_03012019\" srcset=\"https:\/\/brightridge.com\/wp-content\/uploads\/2022\/02\/NEWS_RELEASE_GRAPHIC_EES_03012019.jpg 588w, https:\/\/brightridge.com\/wp-content\/uploads\/2022\/02\/NEWS_RELEASE_GRAPHIC_EES_03012019-300x200.jpg 300w, https:\/\/brightridge.com\/wp-content\/uploads\/2022\/02\/NEWS_RELEASE_GRAPHIC_EES_03012019-18x12.jpg 18w\" sizes=\"auto, (max-width: 588px) 100vw, 588px\" \/><\/figure>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-99c78bef\"><div class=\"gb-container gb-container-99c78bef\">\n\n<p class=\"wp-block-paragraph\"><strong>JOHNSON CITY<\/strong> &#8212; BrightRidge has received an unqualified, clean audit opinion from independent auditors Blackburn, Childers &amp; Steagall for the 34th year running, reflecting a focused commitment on sound financial management and transparency. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BrightRidge\u2019s Fiscal Year 2024 audit, covering through June 30, found no material weaknesses or significant deficiencies in BrightRidge&#8217;s financial reporting. In fact, a significant flaw in accounting controls or balances hasn\u2019t been found in BrightRidge\u2019s books for more than three decades.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;A clean audit demonstrates the dedication of a corporate team to fundamentals,&#8221; BrightRidge CEO Jeff Dykes said. &#8220;A 34-year run of clean audits is a bold testament to public accountability. BrightRidge is not just a public power utility. It has remained a cornerstone of regional development for more than 79 years.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the fiscal year, BrightRidge continued a recent trend of above average growth in its electric customer base, adding 1077 new customers. Broadband also continues to be a bright spot. The locally provided, nation-leading 10G broadband service saw sales soar by $3.89 million to $15.2 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBrightRidge\u2019s strong financial position allows us to be a leader in giving back to our customers,\u201d Dykes said. \u201cWhether Covid or the recent historic flooding, BrightRidge led the way in community giving and will continue to be here when our customers need us the most.\u201d<\/p>\n\n<\/div><\/div>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">BrightRidge also made significant reinvestments in infrastructure during the fiscal year, positioning the company to continue powering the region\u2019s growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company invested more than $16 million in fiber distribution network expansion as it completed its initial eight year plan a full two years ahead of schedule while developing further rural expansion plans through the Tennessee Middle Mile grant program, which was awarded in the current fiscal year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the electric division in FY 24, BrightRidge completed a $7.87 million reconstruction of its Northeast substation, purchased $2.4 million of distribution transformer inventory to enhance grid reliability and meet strong demand from residential developers, and invested $1.3 million into rebuilding 69 KV transmission lines between four substations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Corporately, BrightRidge also paid $5.56 million in lieu of taxes to eight local governments in Washington, Sullivan, Carter, Greene and Unicoi counties. In all, BrightRidge serves more than 83,000 electric customers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While the company experienced a strong fiscal year, it also faced challenges. In FY 2024, rising material costs, particularly in transformers, continued due to ongoing industry-wide supply chain disruptions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BrightRidge also continues to manage revenue loss from departed industrial customers and increasing energy efficiency in the residential, commercial and industrial sectors. BrightRidge electric sold almost the same amount of kilowatt hours in 2024 as it did in 2014.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/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> &#8212; BrightRidge has received an unqualified, clean audit opinion from independent auditors Blackburn, Childers &#038; Steagall for the 34th year running, reflecting a focused commitment on sound financial management and transparency. <\/p>","protected":false},"author":1,"featured_media":2572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_searchwp_excluded":"","scheme-type":"","footnotes":""},"categories":[32],"tags":[],"wf_post_folders":[],"class_list":["post-3589","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 - 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