GAO finds problems with TVA’s spending plan

NORTH MISSISSIPPI — A U.S. Government Accountability Office report says the Tennessee Valley Authority’s plans for spending on power-generating facilities and its agreement to spend up to $5 billion on pollution controls pose difficult financial decisions.

The report also says TVA has been slow to consider the potential of energy efficiency measures but acknowledges the utility is about to finish such a study.

With TVA’s statutory debt at almost $24 billion in September 2010, the report says TVA plans to spend about $10 billion by 2013 for capital projects.

TVA President and CEO Tom Kilgore in a written response also released Dec. 1 said TVA “sees the opportunity for considerable progress in energy efficiency.” Kilgore said TVA needs financial flexibility and he reminded the GAO that the debt ceiling remains unchanged since 1979.

Close this Window Bookmark and Share This Page

Save to Browser Favorites / Bookmarks

Print RSS Feed Ask backflip blinklist BlogBookmark Bloglines BlogMarks Blogsvine BuddyMarks BUMPzee! CiteULike co.mments

Connotea del.icio.us Digg diigo DotNetKicks DropJack dzone Facebook Fark Faves Feed Me Links Friendsite folkd.com

Furl Google Hugg Jeqq Kaboodle kirtsy linkaGoGo linkedin LinksMarker Ma.gnolia Mister Wong Mixx MySpace

MyWeb Netvouz Newsvine oneview OnlyWire PlugIM Propeller Reddit Rojo Segnalo Shoutwire Simpy Slashdot

Sphere Sphinn Spurl Squidoo StumbleUpon Technorati ThisNext Tumblr Twitter Webride Windows Live Yahoo!

Email This to a Friend

Copy HTML: 

 If you like this then please subscribe to the RSS Feed.

More »