NASHVILLE – Three Tennessee electric co-ops will receive almost $3 million to help expand broadband availability. Gibson Electric Membership Corporation, Holston Electric Cooperative and Meriwether Lewis Electric Cooperative each submitted winning bids in the most recent Federal Communications Commission Connect America Fund II (CAF II) reverse auction.
Over the next ten years, Gibson Connect, a subsidiary of Gibson EMC, will receive $1.22 million, Holston Connect, a subsidiary of Holston EC, will receive $530,000 and ML Connect, a subsidiary of Meriwether Lewis EC, will receive $1.18 million.
These three Tennessee co-ops were among 35 nationally that will receive $225 million to help defray the costs of deploying broadband in underserved areas. The CAF II auction marks the first time that the FCC allowed electric cooperatives to bid for funding as broadband service providers.
“We are pleased to see the FCC recognize that electric co-ops have a unique opportunity to bring broadband to rural and suburban America,” says David Callis, executive vice president and general manager of the Tennessee Electric Cooperative Association. “Tennessee’s electric co-ops have demonstrated our ability to successfully deliver broadband, and we will continue to seek out innovative funding sources and partnerships to make this happen.”