Post Tagged with: "John Sevier Comgined Cycle plant"

Undisclosed Investor Group Buys TVA Natural Gas Plant

Undisclosed Investor Group Buys TVA Natural Gas Plant

January 23, 2012 at 6:52 am

An anonymous group of investors has purchased a new natural gas plant from the Tennessee Valley Authority. The so-called “lease-purchase transaction” helps TVA raise a billion dollars without running into a congressionally-imposed debt ceiling. The accounting maneuver has raised questions about who is on the other side.