Eversheds Sutherland Coop Law Blog
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Electric Coop to Purchase Municipal Utility

The Tennessee Valley Authority recently approved Middle Tennessee Electric Membership Cooperative’s takeover of Murfreesboro’s Electric Department (MED). The merger, which is expected to become effective in July 2020, is one of the largest acquisitions ever by a power cooperative of a municipally-owned utility – $302 million over the next 15 years to acquire MED and its 67,000...