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Tag Archives: TVA

TVA looks to expand diversity of supplier base

At the Tennessee Valley Authority’s Sixth Annual Supplier Diversity Summit on Tuesday, nearly 60 small businesses learned more about TVA’s contracting process and how to do business with the federally owned utility. And there is plenty of business to be had with TVA, which spent more than $2.7 billion last fiscal year. For the second consecutive year, TVA spent more ...

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Study: Federal utility shifts costs to residential customers

A study says the nation’s largest public utility has given large businesses breaks on electric rates over six years while residential customers’ rates increased. The Synapse Energy Economics Inc. study says the Tennessee Valley Authority’s industrial and direct-serve customers have received almost a 20 percent rate cut from 2011 to 2016, while residential customer rates increased 5 percent. The report ...

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New TVA chair hopes to keep trajectory as Trump fills slots

The new Tennessee Valley Authority board chairwoman says she hopes the federal utility will maintain its trajectory, including efforts to reduce airborne carbon pollution, with President Donald Trump having the chance to pick a new board majority by the spring. Lynn Evans, the first woman and first African-American to chair the board, told reporters in a conference call Friday that ...

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Trump’s picks for TVA board could reshape federal agency

Within the next five months, President-elect Donald Trump could appoint a majority of the board for the Tennessee Valley Authority, the nation’s largest government-owned utility. Three Democratic members of the board, including Chairman Joe Ritch, are leaving the board Tuesday after the Republican-controlled Senate failed last year to confirm President Barack Obama’s reappointment of the three directors, the Chattanooga Times ...

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Silicon plant marks opening in Tishomingo County

By JACK WEATHERLY Mississippi Silicon officials were joined by state and local officials Wednesday to celebrate the opening of the 170,000-square-foot, $200 million plant in Burnsville. The Tishomingo County facility already employs 100 of its projected 200 employees. It started producing silicon metal in September. The company is owned by Rima Holdings USA, a subsidiary of Brazil’s Rima Industrial SA, ...

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ALAN TURNER — Glenn McCullough taking on the challenge of Mississippi’s economic development

  This past week, we had the opportunity to meet with Glenn McCullough, the new head of the MDA, to discuss some of his thoughts and perspectives on energizing Mississippi’s economic development effort. A lifelong Mississippian who was born in Tupelo, Glenn is no stranger to either public or private business. After graduating from Tupelo public schools and Mississippi State ...

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Alexander, Corker question renewable energy plans by TVA

KNOXVILLE, Tenn. — Tennessee’s Republican U.S. senators, Lamar Alexander and Bob Corker, are questioning why the Tennessee Valley Authority is placing greater emphasis on renewable energy as part of its long-term plans. The Knoxville News Sentinel reports that the senators in a meeting with the public utility on Monday said renewable sources of energy add costs and uncertainty. Alexander said ...

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Mississippian Glenn McCullough Jr. gets nod as new MDA chief

By TED CARTER An executive search that never left Mississippi has led to the appointment of Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, as executive director of the Mississippi Development Authority. Speaking to luncheon guests at the Mississippi Economic Council’s annual meeting, Gov. Phil Bryant said he kept the search within ...

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TVA completes purchase of Mississippi natural gas plant

KNOXVILLE — The Tennessee Valley Authority has purchased a 700-megawatt natural gas plant in Ackerman, Mississippi. According to the utility, TVA has bought electricity from the plant since 2008. The board of directors voted in February to pursue purchasing the plant itself from Quantum Choctaw Power, and that transaction was completed on Tuesday. The high-efficiency plant uses two gas turbines ...

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Source: McCullough a leading candidate for MDA job

        By JACK WEATHERLY Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, is a leading candidate to become executive director of the Mississippi Development Authority, according to a source familiar with the situation. McCullough said in a telephone interview with the Mississippi Business Journal  Thursday afternoon that “the MDA is very important ...

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