Middle Tennessee Electric is still considering the purchase of Murfreesboro Electric. The City of Murfreesboro has hired a company to conduct an appraisal on the Murfreesboro Electric Department to determine a fair market price for the government entity.
Amy Byers with Murfreesboro Electric told WGNS...
Byers told us that she did not know if a referendum would have to take place before Murfreesboro Electric could be sold. As you may or may not know, Middle Tennessee Electric is a not for profit corporation while Murfreesboro Electric is part of the city government.
MTEMC is a cooperative electric distribution system and the members who pay their bills are the owners of the corporation.