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Tag Archives: utilities

TVA: Lack of rainfall negatively imacting hydroelectric generation

NORTH MISSISSIPPI — The Tennessee Valley Authority says a lack of rainfall has hydroelectric generation running 12 percent below normal. Hydro is TVA’s cheapest source of electricity, but accounts for only about 8 percent of the power the federal utility produces. The lower water level in the reservoirs might have more effect on recreation, including boating and fishing. The upper ...

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TVA increasing its fuel adjustment charge in June

NORTH MISSISSIPPI — The Tennessee Valley Authority is increasing its fuel adjustment charge by 0.7 percent in June. According to the Chattanooga (Tenn.) Times Free Press, a typical household power bill will rise 80 cents for the same amount of use. TVA spokesman Scott Brooks said the mild winter that was beneficial to customers allowed the federal utility to credit ...

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TVA to cut positions due to slumping sales, looming expenses

NORTH MISSISSIPPI — The Tennessee Valley Authority will seek to cut less than 1,000 positions as it faces a drop in electricity sales driven by an unusually warm winter and looming expenses, including an over-budget effort to finish building a nuclear reactor in Tennessee. TVA officials reported that the electricity supplier brought in roughly $5.2 billion in revenue during the ...

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Entergy losses $151.7M in first quarter due to Vermont plant

NEW ORLEANS — Power provider Entergy Corp. posted a first-quarter loss after taking an accounting loss on its Vermont Yankee nuclear plant and expenses from the pending spinoff of its electric transmission business. For the January-through-March period, New Orleans-based Entergy said it lost $151.7 million, or 86 cents per share, on revenue of $2.38 billion. In the year-ago first quarter, ...

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Environmentalists back in court to fight Kemper coal plant

KEMPER COUNTY — Environmentalists have gone back to court with their continued opposition to construction of a coal power plant in east Mississippi. In the latest court filing in Harrison County Chancery Court, the Sierra Club of Mississippi wants the plant’s builder, Mississippi Power Co., to assume the risk of construction while the appeal proceeds. It also has asked a ...

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PSC gives new approval to controversial Kemper power plant

KEMPER COUNTY — The Mississippi Public Service Commission has given new approval for Mississippi Power Co.’s coal-fired power plant in Kemper County, pushing aside opponents call for a fresh look at the plant’s finances. The commission voted 2-1 to approve the $2.4 billion plant today. Southern District Commissioner Leonard Bentz and Central District Commissioner Lynn Posey, both Republicans, voted for ...

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TVA top managers make more than members of Congress

NORTH MISSISSIPPI — Top managers at the Tennessee Valley Authority now make more than members of Congress, who are paid $174,000 annually. The Chattanooga Times Free Press reports TVA is paying out nearly $30 million a year more for 155 of its top leaders since Congress removed salary limits at the federal utility in 2004. Former TVA chairman Craven Crowell ...

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