UT report: TVA would be broken up if sold
Published: June 25,2013
KNOXVILLE, Tenn. — A new University of Tennessee report finds that if the federal government decides to go ahead with divesting the Tennessee Valley Authority, the public utility could be broken up among several private power generators in the region.
The study conducted by the school’s Howard H. Baker Jr. Center for Public Policy was released yesterday. It finds that it would be unlikely that the Federal Energy Regulatory Commission would approve the sale of the entire TVA to a single company.
President Barack Obama’s 2014 budget proposal calls for a strategic review of the TVA, the nation’s largest public utility with nine million customers in seven states from Virginia to Mississippi.
The TVA was created in 1933 to control flooding and bring electricity to rural Appalachia.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Jackson’s Landmark Center slated for mixed-use conversion
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Race to the pump: Feds appear ready to beat state on new gas taxes
- Senate transportation chair seeks emergency money for roads, bridges
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners
- Irby commits suicide after wife's prison release
- 3 dozen groups OK'd for Miss. specialty car tags