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D.E. Hill & Son 762-9584

ASSISTED LIVING

The Summit of Lawrenceburg
Summit of Lawrenceburg 762-3524

 

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Bank of Frankewing
Bank of Frankewing 762-6800

 

CLINICS

One Stop Medical
One Stop Medical 762-9797

 

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Nerd's Computer Repair

DAY SPA

The Hidden Garden 762-9799

ELECTRONICS

Lynn Electronics 762-0401

E CIGARETTES

Sterling Vapor 931-231-5422

FLORIST

Accents

Accents Floral & Gifts 244-6480
Lawrenceburg Florist 762-3722
McKelvey's Flowers 762-4511

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Pettus-Turnbo Funeral Home 762-3291

FURNITURE

Green's Furniture
Swap & Shop Center

GLASS REPAIR

Lawrenceburg Glass 766-1004

 

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True Value Hardware
True Value Hardware 762-7516

INSURANCE

Markus Insurance 762-9401

JEWELRY

Dixon's Fine Jewelry 762-9979

 

LAWN CARE

Dustin's Lawncare
Dustin's Lawn Care 242-4414

OUTDOOR

Randy's Cycle & ATV 762-2450

PAWN

Mo's Pawn Shop 762-2529

POOLS/ SUPPLIES

Diamond Pools & Spas 762-7189

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Hood Flora Realty
Hood-Flora Realty 762-4247

 

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Rent Right
Rent Right 762-8187

RESTAURANTS

Sue Sue's Sandwich Shop
Sue Sue's Sandwich Shop 762-8879

 

TRAVEL

First Class Charter
First Class Charter 762-5778

Tuesday, February 17, 2015

Duck River EMC Presents Merger Offer For The Mount Pleasant Power System

Press release

Duck River Electric Membership Corporation (DREMC) this morning presented a merger proposal to the Mount Pleasant Power System Board that includes an offer of $12.275 million for utility assets and a commitment for $2.5 million in electric system improvements.

If approved, the merger would reduce electric rates approximately five percent for Mount Pleasant residents. They also would become electric cooperative member-owners, joining 72,000 households, businesses and industries that receive power and services from DREMC in all or parts of 16 counties across Middle Tennessee.

The proposal is based on a feasibility study that took more than six months to complete. GDS, a consulting firm experienced in the valuation of utilities and study of the economic impact of mergers, produced a detailed report that showed the two utilities could be integrated without a rate impact for current DREMC members. MPPS customers would see a rate decrease.

MPPS is the electricity provider for 3,700 customers in Mount Pleasant and adjoining parts of Maury County.

Key points of the merger proposal are:

 DREMC would retain all Mount Pleasant Power System (MPPS) employees.

 The existing MPPS office would be used to serve the city and surrounding rural areas. Current co-op members would transact their utility business there, in addition to local residents.

 Mount Pleasant would become the hub of an expanded DREMC operational district, with dedicated crews and equipment.

 The $2.4-million upgrade would improve system integrity and future reliability.

 MPPS customers will become co-op members, eligible for all programs and services offered by DREMC. This includes PowerUP prepay and other bill payment options; DREMC’s mobile app; Beat the Peak ™ residential demand response; eScore energy efficiency rebates and loans; the DREMC community solar farm; Project Help and Weatherization Wizards; Washington Youth Tour; scholarship programs; community economic development support; and The Tennessee Magazine.

 As co-op members, Mount Pleasant residents could participate in the DREMC district election process for the Board of Directors.

 Because electric cooperatives like DREMC are non-profit and self-regulating, they are governed by boards elected by the membership. Pending acceptance of the merger proposal, the DREMC Board of Directors would review district boundaries and decide on future representation within the director zones for the 3,700 new members from the Mount Pleasant area.

“In addition to the amount and terms of the offer, Duck River wants to ensure Mount Pleasant residents that they will become part of a growing and very stable electric system dedicated to providing affordable, reliable electricity and committed to the communities we serve ,” said DREMC President and CEO Michael Watson.

The co-op maintains district offices and service centers in Columbia, Chapel Hill, Lewisburg, Shelbyville, Lynchburg, Manchester, Decherd and Sewanee. The headquarters office is in Shelbyville.

American Customer Satisfaction Index (ACSI) surveys conducted by Touchstone Energy consistently rank DREMC high in outage response and other areas important to those who rely on consistent power delivery. DREMC's benchmark scores also are in the upper quartile of similarly-sized electric co-ops across the nation.

"We place our greatest priority on member care, whether through system reliability and energy programs or community service," said Watson. "Our mission statement emphasizes the fact that we are committed to delivering electricity to enhance the quality of life of those we serve."


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