Posts Tagged ‘Tennessee Valley Authority’

Senate committee approves transfer of Yellow Creek to state

IUKA — A U.S. Senate committee has approved legislation authored by Sen. Thad Cochran (R-Miss.) to authorize the transfer of property in Tishomingo County to help promote economic development in North Mississippi. The Senate Environment and Public Works Committee approved S.212, a bill to approve the transfer of Yellow Creek Port properties in Iuka from […] [...]

TVA loses $67M in first quarter of 2014

KNOXVILLE, Tenn. ― The Tennessee Valley Authority reports that operating expenses declined and its bottom line results improved in the first quarter of fiscal year 2014 compared with the same quarter a year ago. “Our efforts to keep rates low and reliability high for our customers by working more efficiently helped to offset lower sales […] [...]

Lockheed partners with TVA in energy efficiency programs

NORTH MISSISSIPPI — Lockheed Martin is partnering with the Tennessee Valley Authority (TVA) to administer commercial and industrial energy efficiency programs aimed at keeping energy costs low for consumers across the Southeast. Lockheed Martin will supply program management, engineering and operations services to TVA and local power companies to deliver energy more efficiently. “Lockheed Martin’s […] [...]

TVA, emergency officials braced for another arctic blast

NORTH MISSISSIPPI — The Tennessee Valley Authority is once again preparing for colder-than-normal temperatures that will create greater demands on its electric system. TVA reports its power system “remains secure and stable at this time, and steps are being taken to keep it that way.” On Monday, TVA issued an internal “Conservative Operation Alert,” which […] [...]

TVA sees second-highest winter peak power demand

NORTH MISSISSIPPI — The Tennessee Valley Authority power system passed a critical demand period early yesterday from the bitter cold wave and electricity use is coming down. TVA’s power system reached a preliminary peak power demand of 32,460 megawatts at 9 a.m. EST yesterday with the Valley’s average temperature at 4 degrees. This is the […] [...]

Power plant lands $181M loan from USDA

BATESVILLE — The U. S. Department of Agriculture is providing a loan for work at an electric power generation facility in Panola County. The federal agency Friday announced in a news release that it is providing $181 million to the South Mississippi Electric Power Association. The money will be used to purchase two natural gas-fired […] [...]

Tennessee-based manufacturer sites plant in industrial park

WALNUT — Officials say ALUMA-FORM has broken ground on the company’s new manufacturing facility in Walnut in Tippah County. Gov. Phil Bryant says in a news release that the project represents a company investment of $6.7 million and will create 125 new jobs. The Memphis, Tenn.-based company is building its facility in the Walnut Industrial […] [...]

Summer rains mean lower TVA power bills

NORTH MISSISSIPPI — The Tennessee Valley Authority says an unusually wet summer has translated into lower electric bills for customers. John McCormick, Tennessee Valley Authority’s vice president for river operations, said in a statement that the rain kept the utility’s hydroelectric dams, which provide the cheapest source of energy, working overdrive. Scott Brooks, a Nashville-based […] [...]

TVA makes tax equivalent payments to governments of $547M

KNOXVILLE, Tenn. — The Tennessee Valley Authority says it provided $547 million in tax equivalent payments in fiscal year 2013 to states and local governments where it sells electricity or has power properties. TVA says it makes tax equivalent payments annually in the eight states where it sells electricity or owns generating plants, transmission lines, […] [...]

TVA reports increase in net income despite lower demand

KNOXVILLE, Tenn. ― The Tennessee Valley Authority reports that the public-owned utility ended fiscal 2013 with net income of $271 million on $11 billion in operating revenues despite a decline in sales, while record levels of low-cost hydroelectric generation helped offset higher fuel costs. TVA president and CEO Bill Johnson said, “We experienced lower demand […] [...]

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