CHATTANOOGA, Tenn. — An audit shows the financial management firm Deloitte Consulting overbilled the Tennessee Valley Authority by $4.8 million from 2003 through 2008. The audit by the TVA’s Office of Inspector General describes the overbilling, much of it involving overtime, as “unsupported or not in accordance” with contracts that were reviewed. Deloitte spokesman David [...] [...]
Back in 1933, when the Tennessee Valley Authority began, the average price of a new home was $5,700. A loaf of bread cost 7 cents, a gallon of gasoline was 10 cents and a major daily newspaper in Tennessee was only 3 cents. A kilowatt-hour of electricity was even less — about 1.6 cents. Today, [...] [...]
After serving as chairman for a year, Tennessee Valley Authority board of directors chairman Mike Duncan asked the board April 16 to select a new chairman, citing his new duties as leader of a recently formed national political fund-raising organization. The board voted unanimously to name director Dennis Bottorff of Nashville as TVA’s new chairman. [...] [...]
The Tennessee Valley Authority has named Daniel Traynor as vice president and chief information officer, responsible for TVA’s information resource technologies and operations. Traynor comes to TVA from Southern Company Services, a subsidiary of Southern Company of Atlanta, where he was director of infrastructure services. Traynor, who will report directly to Kilgore, will be responsible [...] [...]
North Mississippi – The Tennessee Valley Authority (TVA) has established a group of opinion leaders from across the Tennessee Valley region to provide additional input as TVA charts its options for meeting the region’s electricity needs for the next 20 years. TVA is developing a new Integrated Resource Plan called TVA’s Environmental and Energy Future. [...] [...]
North Mississippi and New Orleans – Site Selection magazine has named the Tennessee Valley Authority (TVA) and Entergy Corporation two of the Top Utilities of 2008. Mississippi Power received an honorable mention. This was the fourth consecutive year in which TVA has earned the Top Utilities honor. In 2008, TVA and distributors of TVA power, [...] [...]
The Tennessee Valley Authority (TVA) board has approved a 2010 budget of $10.2 billion for operating expenses and $2.3 billion in capital investments. The board also took several actions to reduce the impact on consumers of a projected $7.2-billion shortfall for the period 2010 through 2012, including $1.9 billion in budget cuts and $2.8 billion [...] [...]
Last April, Vice President Joe Biden and Commerce Secretary Gary Locke detailed plans by the Department of Energy (DOE), as part of the American Recovery and Reinvestment Act (ARRA), to distribute more than $3.3 billion in smart grid technology development grants and an additional $615 million for smart grid storage, monitoring and technology viability. [...] [...]
The Tennessee Valley Authority (TVA) incurred a net loss of $167 million for the quarter that ended June 30, 2009, compared to a net income of $100 million for the same period in 2008. The loss was due primarily to expenses related to the Kingston ash spill and a significant decline in sales, according to [...] [...]
Loading ...