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Tag Archives: utility

Lawyers want TVA cases combined

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 damages, and Rhon Jones of Montgomery, Ala., said in ...

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TVA expects to have ash spill cleaned up in May

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 coal ash have ...

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TVA power bills to increase

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 cost adjustment is the ...

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TVA's performance impacted by 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 report on Form 10-Q ...

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Entergy purchases greenhouse gas offsets

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 times more damaging than ...

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TVA learns 'painful lessons' from spill

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 coming years. “Despite TVA’s many ...

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Entergy gives earnings forecast

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 comprised of operational earnings ...

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NRC finds problems at TVA nuclear plant

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 findings as significant “apparent ...

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TVA exceeds economic development goal

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 president for economic development John ...

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Cost of TVA cleanup soars

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 are under contract ...

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