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Here’s a tip: Try not to lose $30 million worth of ratepayer money

By Blake Fontenay
May 27th, 2008

No, this isn’t where MLGW’s money went. As far as we know.My prayers go with the people of Chattanooga.

According to a Wall Street Journal article posted on The Tennessean’s web site today, Chattanooga’s city-owned electric company is planning to offer television, high-speed Internet and telephone service to about 170,000 customers.

Perhaps it’s not a completely hopeless enterprise, though.

If Chattanooga officials carefully studied what happened when Memphis Light, Gas and Water Division tried to launch a similar business venture called Memphis Networx, the folks in East Tennessee should have plenty of ideas about what not to do.

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