> Revenues are about $100 million, with operating expenses being $85 million. That's about $15 million profit, on about $400 million invested, or under 4% ROIC.

> Revenues are about $100 million, with operating expenses being $85 million. That's about $15 million profit, on about $400 million invested, or under 4% ROIC. The system was funded with bonds issued at 4.5%, meaning it would never break even without being subsidized by electric ratepayers. Your is assertions are incorrect. EPB Fiber is profitable, is servicing it's debt in full, pays less than 4.5% in interest in their bonds, is not subsidized by electric ratepayers and would have broke even even without the grants it has received. Not only are electric rate payers not subsidizing the fiber network, the fiber network is subsidizing the electric side! Looking at the finances, about $400M was invested, but EPB fiber only has ~$260M in debt left due to a $111M grant for smart meters. Furthermore the $15M profit is after debt service. EPB paid $19M in debt service (FY14). Source: https://static.epb.com/annual-reports/2015/wp-content/uploads/2015/10/2015-financial-report.pdf https://static.epb.com/annual-reports/2015/wp-content/upload...