Power bills will go up by 1.5 percent starting in October as part of a TVA rate hike approved by the utility’s board Thursday.
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Between 2007 and 2012, Tennessee’s coal-powered energy dipped 40 percent. At the same time, natural gas generation is 11 times greater.
Record cold this winter means the Tennessee Valley Authority sold more electricity to local power companies in the past six months. But the news comes as the federally owned utility is looking to make big cuts to its workforce.
Over 3,500 people were working at Watts Bar, at the height of construction. TVA’s Mike Skaggs says that number is declining, as the reactor nears completion.
The Obama Administration says the Tennessee Valley Authority has a better handle on its financial situation. But they’re still floating the possibility of the putting the nation’s largest public utility in private hands.
TVA says the steam generators at Watts Bar Unit 2 were installed decades ago, as the reactor sat unfinished. Agency officials insist it would be 8 to 10 years before the generators need to be swapped out, and it’s cheaper to buy them now rather than later.
The Tennessee Valley Authority says March electricity bills will increase, due to record demand at the beginning of the year. The agency sold more power, but it also had to pay a premium for coal, natural gas, and uranium.
The Tennessee Valley Authority says it will likely press on with its plans to shut down several power generators, even though freezing temperatures in January led to record demand.
The Tennessee Valley Authority says an unfinished nuclear plant in Alabama will likely stay that way. Not only has TVA stopped work at the Bellefonte Nuclear Plant, it’s also turned down an offer from a Nashville financier to finish the project with private money.
As expected, the Tennessee Valley Authority announced Thursday that’s it’s shutting down several coal-fired power generators, but none are in Tennessee. TVA says it’s making more power than it needs.
The Tennessee Valley Authority is generating twice as much hydroelectric power, due to unseasonably wet weather. Turbines at the utility’s 29 dams have been running non-stop all summer. That means TVA can’t inspect them, as scheduled.
Electricity bills are going up soon. Today, the Tennessee Valley Authority approved its first rate increase in two years.
The Tennessee Valley Authority says its customers are using a lot less power. Mild weather means people aren’t running their air conditioners as much. But the federally owned utility says it’s starting to see a long-term downward trend.
TVA executives will hold their first face-to-face meetings with the Obama Administration Tuesday about possibly privatizing the public utility. The idea was floated in the President’s budget plan.
Just as the Tennessee Valley Authority is looking to borrow lots of money this year, the cost of doing that is going up. It’s a reaction to the suggestion that TVA should be privatized.
Sen. Lamar Alexander is now raising national security concerns over the possible sale of the Tennessee Valley Authority.
Work on the Sequoyah Nuclear Plant’s Unit Two reactor is finished ahead of schedule and under budget.
The new year means a new CEO for the Tennessee Valley Authority. Bill Johnson takes over the $11 billion public utility after being hired in November.
TVA’s board is supposed to have nine members; it’s already short three. Two more will go when Congress adjourns, leaving the board without enough members to do business.
The dwindling number of TVA board members will meet this morning to hatch a plan for when there are no longer enough directors to make decisions. The President’s nominees are still waiting to be confirmed by the U.S. Senate.