(MURFREESBORO) The Murfreesboro City Council will vote Thursday night whether to merge or not to merge Murfreesboro Electric and Middle Tennessee Electric Membership Cooperative. The heads of both utilities will be on WGNS 8:10-9:00AM this Wednesday morning.
After almost two and a half hours of detailed information, the vote on whether to merge Murfreesboro Electric Department with Middle Tennessee Electric Department was deferred until January 9, 2020.
There will be a special public meeting about the potential merger of Murfreesboro Electric and Middle Tennessee Electric just before the Murfreesboro City Council votes on the issue Thursday night (12/19/2019).
Pinnacle Financial Partners, Inc. completed its previously announced acquisition of Avenue Financial Holdings, Inc.
City leaders are awaiting a valuation of Murfreesboro Electric before moving forward with any decisions on the power company.
Middle Tennessee Electric Membership Corporation (MTEMC) President Chris Jones announced the utility has asked the City of Murfreesboro to enter talks to investigate a potential sale and consolidation of Murfreesboro Electric Department (MED) into the cooperative.
We told you last November MidSouth Bank in Murfreesboro would be merging with the Franklin-based Network Inc., the parent company of Franklin Synergy Bank.
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