NASHVILLE, TN – The Nashville Electric Service (NES) Board approved a quarterly in-lieu-of-tax payment in the amount of $5,859,013 to the Metropolitan Government at its regular monthly meeting on September 27, 2006, a four percent increase over current quarterly payments. NES will pay the Metropolitan Government more than $20 million in taxes this fiscal year, making NES Metro’s largest tax payer.
“NES is a public utility, owned by the ratepayers, and is a valuable asset to this community,” said NES President & CEO Decosta Jenkins. “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.”