Wednesday, January 25, 2012 at 1:00 am (Updated: January 25, 2:02 am)
25 Years Ago
As expected, Rockwood Electric Utility’s bank account was dropping faster than the temperature. REU board members decided a few months prior to absorb a TVA increase instead of passing it on to customers. Cash reserves get low when REU pays TVA before customers pay REU. According to REU Manager Charles Johnson, this happens every year. It usually takes three or four months to regain normal cash flow.
10 Years Ago
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