Chattanooga, TN (February 19, 2016) – EPB’s Board of Directors has tapped David Wade, the municipal utility’s chief operating officer, to serve as president of EPB. Harold DePriest will continue as CEO.
According to EPB Board Chairman Joe Ferguson, the move strengthens the EPB leadership team at a critical time. “David Wade was one of the chief architects of EPB’s pioneering deployment of the Chattanooga area’s community-wide fiber optic network and smart grid,” Ferguson said. “As president, David will take the lead in the effort to get the most customer and community value from Chattanooga’s cutting-edge infrastructure.”
Harold DePriest applauded the move. “Having David as president positions EPB to move forward with assurance on key initiatives related to next generation smart grid and fiber optic initiatives and services,” DePriest said. “David Wade has been a driving force in EPB’s transformation into a company that combines electrical systems and communications in a way that has become a model for the rest of the nation. I look forward to continuing to work with him as we strive to take previous successes to the next level.”
Wade expressed his appreciation to the EPB Board of Directors and employees. “It’s an honor to be a part of the EPB team as we partner with people across the community in continuously striving to enhance local job creation and quality of life,” Wade said. “Working together EPB has established a strong track-record for delivering neighbor-to-neighbor customer service and deploying new technologies with broad benefit to the areas we serve.”
Established as an independent board of the City of Chattanooga in 1935, EPB is a municipally-owned utility that provides electric power and fiber optic communications services as a means of promoting economic development and enhancing quality of life across the local area.
EPB serves nearly 180,000 homes and businesses in a 600 square-mile area that includes greater Chattanooga, as well as parts of surrounding counties and areas of North Georgia.
In 2010, EPB became the first provider in the United States to deliver up to 1 Gig (1,000 mbps) internet speeds utilizing a community-wide fiber optic network that provides access to every home and business in its service area. In 2015, EPB became the first (and to date) only American ISP to make up to 10 Gig (10,000 mbps) internet speeds accessible to all of its residential and commercial customers as a standard offer.
EPB has also utilized its community-wide fiber optic network to deploy the most advanced and highly automated smart grid power management system in the nation. In recognition of EPB’s groundbreaking infrastructure, the Department of Energy and Oak Ridge National Laboratory are utilizing EPB’s smart grid as a national model for researching and developing best practices. EPB is also the first major power distribution utility to earn the USGBC’s PEER certification for having a highly automated, modernized electric power grid.