You are wrong. I dug out the documentation associated with the 2008 $220M issuance when I was looking at this yesterday. It is a muni bond issued by the city of

You are wrong. I dug out the documentation associated with the 2008 $220M issuance when I was looking at this yesterday. It is a muni bond issued by the city of Chattanooga "payable solely from the revenues of the electric system" and the project described is "to construct a fiber optic broadband network." http://emma.msrb.org/MS270152-MS266407-MD521993.pdf http://emma.msrb.org/MS270152-MS266407-MD521993.pdf