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>>GERRY: IT'S TIME TO GO INSIDE
INNOVATION...BROUGHT TO YOU BY
ALLEGION.
PIONEERING SAFETY.

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SINCE 2018, TIPMONT REMC HAS
BEEN A DRIVER IN INDIANA'S RURAL
BROADBAND EFFORTS.
AS INDIANA'S 5TH LARGEST,

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MEMBER-OWNED RURAL ELECTRIC
COOP, TIPMONT IS USING A $16
MILLION GRANT FROM THE STATE'S
NEXT LEVEL CONNECTIONS BROADBAND

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PROGRAM TO PROVIDE HIGH-SPEED,
FIBER SERVICE IN UNSERVED AREAS
OF THE STATE.
I'M PLEASED TO WELCOME CEO RON

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HOLCOMB TO THE SHOW TO TALK
ABOUT PLANS TO ADD MORE HOMES
NEXT YEAR!
AGAIN WELCOME TO INSIDE INDIANA

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BUSINESS.
>> THANK YOU SO MUCH FOR THE
OPPORTUNITY.
YES, WE HAVE BEEN BUILDING TO

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ABOUT 2200 CUSTOMERS CONNECTED
TO THIS POINT AND ADD IT TWO
YEARS AND WE ULTIMATELY WILL
PASS 30,000 BY 2024.

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AND MY HAT'S OFF TO OUR BOARD
AND OUR TEAM AND OUR LEADERSHIP
THAT HAS MADE ALL THAT POSSIBLE
SO AN EXCITING TIME.

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>> YOU ARE ABOUT ELECTRIFICAION
BY PROVIDING POWER.
WHY DID YOU GET INTO THE
INTERNET BUSINESS?

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>> BECAUSE WHEN YOU REALLY THINK
ABOUT IT ELECTRICITY IS JUST A
TOOL.
WHAT IT REALLY SERVES IS TO MAKE

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SURE THAT OUR CUSTOMERS IN RURAL
AMERICA HAS SECURITY COMFORT AND
CONVENIENCE.
I'M OFTEN ASKED ARE YOU IN THE

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UTILITY BUSINESS AND I SAY NO WE
ARE IN THE SECURITY COMFORT
CONVENIENCE BUSINESS SO
ELECTRICITY IS A KEY

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INFRASTRUCTURE NEED, BROADBAND
IS A KEY INFRASTRUCTURE NEEDS SO
THEREFORE, WE DON'T LOOK AT IT
SO MUCH FROM AN INDIVIDUAL

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SERVICE LEVEL AS WE LOOK AT IT
FROM A HUMANISTIC PERSPECTIVE.
>> TALK ABOUT YOUR FOOTPRINT AND
WHERE FIBER CONNECTIONS ARE

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GOING IN NOW, WHAT PART OF THE
STATE?
I KNOW YOU ARE IN THE LINDEN
AREA IN MONTGOMERY COUNTY BUT

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TALK ABOUT THE FOOTPRINT AND
WHERE THE ACTIVITY IS HAPPENING.
>> SURE.
WE ARE WORKING AND FOUNTAIN

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COUNTY IN MONTGOMERY COUNTY, AND
IN TIPPECANOE COUNTY.
WE HAVE AN OBLIGATION TO SERVE
FROM OUR BOARD SO WE WILL

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ULTIMATELY PASS EVERY SINGLE ONE
OF OUR ELECTRIC CUSTOMER
SERVICES AND OUR MEMBERS TODAY.
WE ALSO HAVE CUSTOMERS THAT ARE

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NOT ELECTRIC CUSTOMERS AND THOSE
ARE LOCATED WITHIN THE CITIES OF
LAFAYETTE WEST LAFAYETTE AND
PURDUE UNIVERSITY AREA.

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>> WE SAW TRUCKS IN THE VIDEO.
THAT WAS A KEY ACQUISITION THAT
YOU MADE SO YOU'VE BEEN
INTENTIONAL ABOUT THE MOVE TO

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FIBER AND BROADBAND WITH THE
ACQUISITION OF WINN TECH A
COUPLE OF YEARS AGO.
>> THAT IS CORRECT.

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AS YOU MIGHT IMAGINE IN THE
STARTUP IT'S NOT JUST ACCESS TO
CAPITAL ALSO ACCESS TO TALENT.
AND THIS GAVE US I WOULD SAY AT

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LEAST A 5-7 YEAR LEG UP IN
GETTING OUR BROADBAND PROJECT
LAUNCHED BY BEING ABLE TO BRING
ON SUCH AN EXCITING TALENTED

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TEAM.
>> BEFORE WE LEAVE THE RETURN ON
INVESTMENT YOU ARE DOING SOME
THINGS TO CONNECT PEOPLE.

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WHAT IS THE RETURN ON INVESTMENT
OF HIGH-SPEED BROADBAND TO THESE
COMMUNITIES?
>> YES, SO AS WE WERE

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CONTEMPLATING BUILDING BROADAND
IT WAS TWO YEARS OF STUDY THAT
WE HAD GONE THROUGH.
WE ASKED PURDUE UNIVERSITY TO DO

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AN ECONOMIC STUDY TO UNDERSTAND
WHAT THE IMPACT WOULD BE.
THIS WAS A VERY WELL DONE
PEER-REVIEWED STUDY.

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THEY CONCLUDED THAT OVER A 20
YEAR PERIOD THIS BROADBAND BILL
WOULD STIMULATE THE ECONOMY TO
THE TUNE OF $750 BILLION.

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OUR CAPITAL INVESTMENT PLUS OUR
OPERATING COSTS ARE EXPECTED
OVER THAT SAME PERIOD OF TIME TO
BE ABOUT $189 MILLION.

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THAT'S A 4-1 INVESTMENT.
WHEN YOU THINK ABOUT ALL THE
DIFFERENT ASPECTS OF OUR LIFE IN
THE COMMERCE THAT WE PARTICIPATE

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IN BE IT IN TELEHEALTH OR ADULT
EDUCATION ARE THOSE THINGS, WHEN
THEY HAVE ACCESS TO THIS
INFRASTRUCTURE, IT REALLY DOES

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CHANGE THE ECONOMIC LANDSCAPE
FOR OUR STATE AND REGION.
>> VERY GOOD.
A BIG BOOST INDEED.

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RON HOLCOMB THE CEO.
THANKS FOR JOINING US.
WE FOLLOW UP AND YOU HAVE BIG