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Japanese Officials Visit EPB in Chattanooga
EPB recently played host to a group of Japanese representatives of Nippon Telegraph & Telephone Corporation East. The company is Japan’s premier provider of phone, television and Internet services.
The delegation met with EPB’s team that led the design and construction of our Smart Grid. As NTT-East continues rebuilding it’s legacy and fiber optic networks following the 2011 earthquake and tsunami, engineers wanted to see first-hand how the Chattanooga community took advantage of the latest fiber optic technologies.
The magnitude 9 earthquake and resulting tsunami of March 11, 2011 was the worst natural disaster to strike a developed country in modern history. More than 15,000 lives were lost and more than 100,000 buildings were destroyed. Electric power distribution and communication systems in northeastern Japan were left in ruins.
But the resiliency of the Japanese people was amazing. Most services were restored within 50 days. As Japan continues rebuilding it’s communities and core infrastructure engineers with NTT-East want to ensure their systems will be compatible with future demands and technologies.
While learning how EPB’s team integrated multiple platforms of communication with a fiber optic Smart Grid, the Japanese delegation said they were most impressed with EPB’s management style, which is “horizontally” structured. That means boundaries between EPB’s departments and managers are erased as people work together to achieve common goals.
“It’s an all-hands on deck approach,” EPB President and CEO Harold DePriest said. “You can’t solve problems just with automation, you need people in work groups who are collaborative and work as a team with boundaries removed.”
The Japanese delegation’s visit included time spent at EPB’s new operations center to see first-hand how EPB technicians work to install fiber optic services in homes and businesses. They said they were truly impressed with EPB’s commitment to customer service and satisfaction. Equally impressive was to see how EPB Fiber Optics can deliver one-gigabit Internet service to all of it’s more than 170,000 customers in it’s 600 square mile service area.
The NTT-East team included Mr. Gaku Yamda, Manager of Core Network Center, Network Business HQ; Mr. Junichi Kagesawa, Assistant Manager of Service Management and Network Technology Core Network Center; and Ms. Sayaka Sekiya, Assistant Manager of Service Management and Network Operation Core Network Center.
The NTT-East delegation will make its presentation on what it learned from EPB to senior management in Japan in March.
The NTT-East team is the latest international group to visit Chattanooga and EPB. The growing list includes representatives from Ireland, Israel, Denmark and Columbia.
More Business News
Last Update on April 17, 2014 17:08 GMT
WASHINGTON (AP) -- The number of people applying for U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
The Labor Department says that the four-week average of applications, a less volatile measure, fell 4,750 to 312,000. That is the lowest four-week average since October 2007, just two months before the Great Recession started. The average has fallen by 53,500 applications over the past 12 months.
Applications are a proxy for layoffs. The current level of claims suggests that employers are holding on their workers with the expectation of stronger economic growth ahead.
Employers added 192,000 jobs in March and 197,000 in February, the Labor Department reported. Hiring has picked up after a slowdown caused by severe winter weather.
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.
Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.
Mortgage rates have risen about a full percentage point since hitting record lows about a year ago.
Many analysts have been expecting an improving economy to lift the housing market, which has been recovering over the past two years. But housing has struggled to maintain momentum. Rising home prices and higher mortgage rates have held back some potential home buyers. Others have had trouble qualifying for mortgages.
NEW YORK (AP) -- Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.
The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion.
The earnings were equivalent to $4.02 a share. Analysts polled by FactSet had predicted earnings of $3.49 a share.
Revenue totaled $9.3 billion, down 8 percent from a year earlier, when the bank generated revenue of $10.1 billion. The latest quarterly revenue beat analysts' expectations of $8.7 billion.
Goldman's stock rose $2.78, or 1.8 percent, to $160 in pre-market trading.
NEW YORK (AP) -- PepsiCo reports a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world.
The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, says global snack volume rose 2 percent while beverages were even from a year ago.
In its closely watched North American beverage unit, PepsiCo Inc. says volume was even. Growth in other drinks offset a 1 percent decline in sodas.
For the quarter, the company earned $1.22 billion, or 79 cents per share. Not including one-time items, it earned 83 cents per share, above the 75 cents per share Wall Street expected.
A year ago, it earned $1.08 billion, or 69 cents per share.
Revenue edged up to $12.62 billion, higher than the $12.39 billion analysts expected.
EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.
Toy makers are facing a weak environment globally due to the uncertain economy and popularity of electronic gadgets.
The largest U.S. toy maker says its net loss for the three months ended March 31 totaled $11.2 million, or 3 cents per share. That compares with net income of $38.5 million, or 11 cents per share last year. Analysts expected earnings of 7 cents per share.
The company which makes Disney Princess dolls and Hot Wheels cars says revenue fell 5 percent to $946.2 million. Analysts expected $947.6 million. Barbie revenue dropped 14 percent.
NEW YORK (AP) -- Target is vastly expanding the goods that are available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com.
The nation's second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents with 150 baby care products.
That program has been expanded more than tenfold this week to nearly 1,600 items across a much wider array of consumer goods. Everything from beauty products and pet supplies, to home office supplies like printer ink, are now available through subscription.
Target, based in Minneapolis, is playing catch up in the subscription arena, which has exploded as companies test consumer appetites for almost every niche, from socks to razors, to clothing and entertainment.
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