Bristol Virginia Utilities - Doing Well

BVU's OptiNet has received a grant to expand its fiber network in rural Virginia from the Virginia Tobacco Indemnification and Community Revitalization Commission.

The project adds redundancy in a rural area where telecommunications infrastructure tends to be ignored by the private sector.

“The broadband expansion fortifies the existing fiber route between BVU and Citizens as well as giving our area a redundant fiber-optic line to Northern Virginia, where bandwidth needs are increasing all the time. It is necessary to our region’s future and the survivability of our existing telecom network,” he [Virginia Delegate Terry Kilgore] noted.

BVU was the first municipal network in the U.S. providing the triple-play over a full fiber-to-the-home network.

And it is doing quite well according to its annual audit report.

Conducted by Brown Edwards & Co., certified public accountants, the audit revealed increased revenues and no surprises, partner and accountant Richard Linnen told the BVU board of directors at its Monday meeting.

“It was a clean opinion and an unqualified audit, as it is every year,” Linnen said.

Such independent audits are a useful exercise to ensure these essential networks are operating efficiently and accountably. Additionally, these audits are useful to refute false claims of impropriety from private sector companies looking to discredit publicly owned networks.