by Associated Press Published: March 1,2010
Tags: ash spill, environment, TVA, utility
KNOXVILLE, TENN. — Attorneys for people seeking damages from the Tennessee Valley Authority’s coal ash spill have asked a federal judge in Knoxville to consolidate the pending cases. Among the dozens of attorneys, Elizabeth Alexander of Nashville said the motion is “just a way to streamline” the case for those seeking [...] [...]
KNOXVILLE, Tenn. — The Tennessee Valley Authority’s (TVA’s) top executive says the cleanup of coal ash spilled into the Emory River in East Tennessee will “probably” be finished by mid-May. Tom Kilgore told the utility’s board members meeting in Bristol that he is pleased with the progress of the river cleanup. About 2.2 million cubic yards of [...] [...]
by Associated Press Published: February 11,2010
Tags: electric bill, electricity, energy, TVA, utility
NORTH MISSISSIPPI — The Tennessee Valley Authority (TVA) says its fuel costs are up due to higher demand in colder than normal temperatures and that means monthly residential bills will increase between $2.50 and $5.50. TVA said in a Feb. 10 statement the increase takes effect in billing periods that begin March 1. The upward fuel [...] [...]
by Wally Northway Published: February 8,2010
Tags: publicly traded company, utility, Weather
NORTH MISSISSIPPI — In its report for the first quarter of fiscal year 2010, the Tennessee Valley Authority (TVA) said reduced power sales and wetter-than-normal weather are key factors that influenced the agency’s financial performance during the three-month period that ended Dec. 31, 2009. TVA reported net income for re-investment of $150 million in its quarterly [...] [...]
by Wally Northway Published: January 25,2010
Tags: energy, environment, publicly traded company, utility
NEW ORLEANS — Entergy Corporation has purchased 100,000 metric tons of greenhouse gas emissions offsets as part of its sustainability efforts and its ongoing commitment to voluntarily reduce greenhouse gas emissions. The offsets are generated by capturing and combusting methane at a wastewater treatment facility in Texas. The methane, a potent greenhouse gas that is 21 [...] [...]
by Associated Press Published: January 22,2010
Tags: publicly traded company, utility
CHATTANOOGA, Tenn. – Tennessee Valley Authority President and CEO Tom Kilgore said Thursday the federal utility is making good progress in cleaning up the Kingston ash spill site and is restructuring its operations to better serve customers and successfully address the environmental, regulatory and financial issues that will face the electric power industry in the [...] [...]
by Wally Northway Published: January 22,2010
Tags: energy, publicly traded company, utility
NEW ORLEANS — Entergy Corporation expects fourth quarter 2009 as-reported earnings of approximately $1.63 per share and operational earnings of approximately $1.74 per share, compared to as-reported results of $0.89 per share and operational results of $0.99 per share in fourth quarter 2008. As-reported results are prepared in accordance with generally accepted accounting principles and are [...] [...]
by Associated Press Published: January 21,2010
Tags: energy, federal agency, nuclear energy, utility
WASHINGTON — Federal regulators are raising new concerns about the Tennessee Valley Authority’s Brown’s Ferry nuclear plant in North Alabama. In a letter released today, inspectors from the Nuclear Regulatory Commission found that equipment used to automatically shut down the plant’s reactors in an emergency was not properly protected from fire hazards. The NRC described the [...] [...]
by Wally Northway Published: January 18,2010
Tags: economic development, energy, jobs, utility
NORTH MISSISSIPPI — The Tennessee Valley Authority (TVA) reports that its economic development efforts produced $4.2 billion in capital investments across the Tennessee Valley, exceeding the utility’s goal of $3 billion for fiscal year 2009. TVA also helped retain and attract nearly 26,000 jobs over that period, which ended Sept. 30, 2009. TVA senior vice [...] [...]
by Associated Press Published: January 11,2010
Tags: cleanup, disaster recovery, energy, publicly traded company, utility
KNOXVILLE, Tenn. (AP) — Cleaning up the Tennessee Valley Authority’s coal ash spill at Kingston is already delivering big paydays for some contractors and it’s a tab ratepayers should be watching. The nation’s largest public utility has open contracts that total $428.5 million. A review of the contracts by The Knoxville News Sentinel shows that 10 firms [...] [...]