NES Adds to Metro Coffers

NASHVILLE, TN — The Nashville Electric Service (NES) Board approved a quarterly in-lieu-of-tax payment in the amount of $4,881,598.66 to the Metropolitan Government at its regular monthly meeting December 17, 2003. NES will pay the Metropolitan Government approximately $20 million in taxes this fiscal year, making NES Metro’s largest tax payer.

“NES is a public utility, owned by the rate payers, and is a valuable asset to this community,” said NES President & CEO Don Kohanski. “We are proud to do our part to support our local government. The vital service we provide – at rates that are among the lowest in the nation – contributes greatly to the quality of life we all enjoy.”