UT report: TVA would be broken up if sold
by Associated Press
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
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- Keeping our eye on... Liz Lancaster
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- Alcorn's finances being investigated; CFO resigns
- C Spire launches next phase of 1-gig service rollout
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- Hood issues opinion on open-carry gun law
- GOP Sen. Thad Cochran to run for seventh term
- State of Louisiana mulling plan for Amtrak route