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Tag Archives: utilities

TVA losing money to keep river cool

CHATTANOOGA, Tenn. — The Tennessee Valley Authority has cut power generation in half at its largest nuclear plant to avoid overheating the Tennessee River in Alabama, costing the utility millions of dollars. The Chattanooga Times Free Press reports the nation’s largest public utility has already lost nearly $50 million in power generation at the Browns Ferry Nuclear Plant near Athens, ...

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TVA sets new agenda for future power generation

NORTH MISSISSIPPI — The Tennessee Valley Authority (TVA) board of directors has adopted a renewed vision for TVA’s future, focusing on cleaner air and greater energy efficiency and eventually replacing some of its older coal-fired generation units with low-carbon or carbon-free sources such as nuclear power. CEO Tom Kilgore told board members, “TVA’s vision to lead our nation toward a ...

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TVA earmarks money for nuclear reactor

NORTH MISSISSIPPI — The board of directors for the Tennessee Valley Authority approved nearly $250 million toward the possible reopening one of its nuclear reactors in Alabama. The board last Friday in Knoxville approved the fiscal year 2011 budget that included $248 million to fund the initial engineering design and site preparation for Unit 1 at the Bellefonte Nuclear Plant. ...

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TVA power bills to rise — again

NORTH MISSISSIPPI — For the seventh consecutive month, Tennessee Valley Authority customers will pay an increased fuel cost in September. The utility said in a posting on its website that compared to August, residential bills will increase between $1 and $3, depending on usage levels. The 2 percent increase is due to decreased hydro generation in July and higher than ...

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Memphis utility chooses SmartSynch for project

JACKSON — SmartSynch Inc. has been selected by Memphis Light, Gas and Water (MLGW), the largest three-service public utility in the nation, as the solutions provider for its three-year Smart Grid Demonstration Project launched earlier this year. SmartSynch will provide approximately 1,000 participating households with SmartSynch SmartMeters that will automatically read and record hourly information about their energy usage and ...

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TVA seeing highest demand in three years

NORTH MISSISSIPPI — The Tennessee Valley Authority is having the highest demand for electricity since 2007. The federal utility met a demand for electricity of more than 31,700 megawatts on the afternoon of Aug. 4. The all-time record is 33,482 megawatts set on Aug. 16, 2007. Demand is expected to remain high until the weekend. TVA forecasters said monthly average ...

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Mississippi Power sees highest-ever demand

GULFPORT — Mississippi Power Co. has set a company record for summer power demand. Officials say the new mark was set Aug. 2, when the electricity demand was for 2,708,000 kilowatts of electricity. That surpassed the previous record of 2,593,000 kilowatts set on Aug. 29, 2000. Company spokesman Verdell Hawkins says the utility typically experiences its greatest demand during summer ...

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PSC approves Ratepayers' Bill of Rights

JACKSON — Yesterday, Mississippi Public Service Commission (PSC) chairman Brandon Presley announced that the PSC has approved the first ever Ratepayers’ Bill of Rights, aimed at helping assure consumers of fair treatment by utility companies. The idea of a Mississippi Ratepayers’ Bill of Rights was first crafted and proposed by Presley in Feb. 2009. Presley noted that the order was ...

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Weather boosts TVA's quarterly revenues

NORTH MISSISSIPPI — Warmer-than-normal weather in the spring and early summer, along with an improving economy, helped boost Tennessee Valley Authority electricity sales by 6 percent in the third quarter of fiscal 2010, compared with the same period a year earlier. “Average temperatures were nearly five degrees hotter than normal in May and June across our service area,” CFO John ...

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Entergy sees hefty increase in earnings

NEW ORLEANS — Entergy Corporation reported second quarter 2010 as-reported earnings of $315.3 million, or $1.65 per share, compared with $226.8 million, or $1.14 per share, for second quarter 2009. On an operational basis, Entergy’s second quarter 2010 earnings were $325.7 million, or $1.71 per share, compared with $244 million, or $1.23 per share, in second quarter 2009. Jackson-based Entergy ...

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