Posts Tagged ‘Tennessee Valley Authority’

Demand waning, TVA won’t ask to raise loan limit

NORTH MISSISSIPPI — The Tennessee Valley Authority won’t ask Congress to raise its borrowing cap for at least the next 10 years. The Chattanooga Times Free Press reports that the federal utility says it anticipates being able to reduce its net borrowing in the next two years and reduce its debt over a decade by […] [...]

TVA raises base rate; first hike in two years

NORTH MISSISSIPPI — The Tennessee Valley Authority is increasing its base rate by 1.5 percent, the first increase by the nation’s largest public utility in two years. The agency’s board of directors approved the hike and a $10.5 billion fiscal year 2014 budget at its meeting today. The new fiscal year begins Oct. 1. The […] [...]

Weather driving down TVA electricity bills

NORTH MISSISSIPPI — A cool, wet summer continues to benefit TVA power customers in the seven-state region. Tennessee Valley Authority spokesman Scott Brooks said today that the utility is reducing its fuel adjustment charge in September to the lowest level since March 2012. The levy will fall from the current 2.22 cents per kilowatt hour […] [...]

TVA buys majority share of power plant for $400M

SOUTHAVEN — The Tennessee Valley Authority has made a lease-purchase agreement to buy the majority share of a natural-gas fired power plant in Southaven. TVA and Seven States Power Corp., a group owned by TVA distributors, had bought the Southaven Combined Cycle Plant just south of Memphis in 2008. TVA owned 10 percent, while Seven […] [...]

OIG finds missed audits at TVA’s nuclear plant

KNOXVILLE — A report by the Tennessee Valley Authority’s inspector general says the federal utility missed quality assurance audits at the Watts Bar Nuclear Plant. According to the Knoxville News Sentinel the Office of Inspector General said no audits were done on commercial-grade materials being used to build Unit 2 at the power plant in […] [...]

High water has TVA spilling at dams; farmland to be impacted

NORTHEAST MISSISSIPPI — The Tennessee Valley Authority is working to move large volumes of water, as much as one million gallons per second in some places, along the Tennessee River system to reduce potentially damaging flooding from record rainfall. TVA prepared for this event by lowering reservoir levels on the main channel of the Tennessee […] [...]

UM brings in Duke

Rick Duke, an acknowledged proponent of knowledge-led economic development, is the University of Mississippi’s new director of economic development and executive director of Insight Park. Duke will be responsible for leading the university’s economic development strategies by leveraging university knowledge to improve the competitiveness of Mississippi businesses, partnering with state and federal agencies and developing […] [...]

TVA promotes, hires

The Mississippi District of the Tennessee Valley Authority has promoted two staff member and added another. Brian Wilkins is now an area engineer. He will leave the Customer Relations Group and enter the ED/Electric System Projects Group. Wilkins has been a power utilization engineer for more than three years in the Comprehensive Services Program. Previously, […] [...]

TVA promotes, hires

The Mississippi District of the Tennessee Valley Authority has promoted two staff member and added another. Brian Wilkins is now an area engineer. He will leave the Customer Relations Group and enter the ED/Electric System Projects Group. Wilkins has been a power utilization engineer for more than three years in the Comprehensive Services Program. Previously, […] [...]

Columbus organization working to bring projects to West Point, Clay County

Under a deal struck in April, the Columbus-Lowndes Development Link will pursue large industrial development for West Point and Clay County. The two entities will also split the revenue from resulting industries. Under the terms of the deal, whose concept was hatched when West Point’s economic development chief left town several months ago, the Link […] [...]

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