Middle Tennessee Electric Membership Corp. capped off a record fiscal year by pushing past 200,000 in total accounts, making it the third largest electric utility in Tennessee behind Memphis Light, Gas & Water and Nashville Electric Service.
“Our electric cooperative is blessed to serve a vibrant and growing area,” MTEMC President Chris Jones said. “Three of the counties we serve – Rutherford, Williamson and Wilson – have grown faster than any in the state over the last several years.”
Reaching the 200,000 mark puts the electric cooperative ahead of Knoxville Utilities Board and Chattanooga Electric Power Board, and it places MTEMC sixth on the list of largest electric cooperatives in the U.S.
Other milestones set during the utility’s fiscal year, which ended June 30, included all-time record consumption by the cooperative’s membership.
“We set historic marks for both total energy consumption and highest one-time demand,” Jones said, “and we can attribute part of that to January’s record cold.”
MTEMC members consumed 5.7 billion kilowatt-hours of electricity during the fiscal year, which breaks the record of 5.6 billion set in fiscal 2011, a year characterized by a record summer heat wave. The record one-time demand mark was set at 7 a.m., Jan. 29, the last major temperature dip brought on by the “polar vortex.”
“I would have our members understand that record consumption does not translate into record profits for their electric company,” Jones said. “We are a not-for-profit organization owned by our members, so we exist to benefit them. Any margins we earn over and above our expenses are invested into keeping our power system reliable and safe, our rates affordable, and to make our overall service better and better.”
Middle Tennessee Electric Membership Corp. is a member-owned, nonprofit cooperative providing electricity to more than 200,000 residential and business members in Williamson, Wilson, Rutherford and Cannon counties.