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
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- 2014 a good year for filmmaking in Mississippi
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- PHIL HARDWICK: When Bill Cooley talks, people listen
- Ex-prison boss and businessman admit to bribery scheme
- MBJ Business Woman of the Year Top 10
- ASA postmortem: industrial recruiting is a constant cycle of death and life
- Kemper plant employee gag order continued