JAMES MADISON QUOTE - 1822

"A popular government without popular information, or the means of acquiring it, is but a Prologue to a Farce or a Tragedy; or, perhaps both. Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power knowledge gives."

SCOTTSBORO WEATHER

Saturday, November 16, 2013

TVA Quarterly Meeting, November 14, 2013 at Oxford, Ms.

 
HEADLINES
 
COAL - At today’s Board of Directors’ meeting in Oxford, MS, TVA announced that it will be retiring 3,308 MWs of coal capacity from 3 plants. -  See more at: http://blog.cleanenergy.org/2013/11/14/big-coal-retirements-announced-at-tva-board-of-directors-meeting/#sthash.M5DUzR97.dpuf
 
The Tennessee Valley Authority's board has voted to close six coal-powered units in Alabama and replace two others in Kentucky with a natural gas plant.  http://www.dailyherald.com/article/20131115/business/711159750/
 
     FINANCES -  "The Tennessee Valley Authority ended fiscal 2013 with net income of $271 million on $11 billion in operating revenues despite a decline in sales, while record levels of low-cost hydroelectric generation helped offset higher fuel costs. TVA reported solid financial results in 2013 despite lower sales and revenues,” TVA President Bill Johnson said in the utility's annual report filed today." http://www.timesfreepress.com/news/2013/nov/18/tva-sales-drop-income-rises-fiscal-2013/?breakingnews
 
 
BELLEFONTE - TVA President Bill Johnson told TVA directors Thursday a new assessment projects that finishing just one of the two reactors would cost $7.4 billion to $8.7 billion. The earlier estimate was $4.9 billion...The numbers and the recent decline in TVA power sales mean there's no need to finish Bellefonte anytime soon. Johnson said a proposal from former TVA Chairman Dennis Bottorff and Haney to help the utility finance the work doesn't add up and won't be done in time to qualify for needed federal tax credits..."We'd either have to borrow a lot more money or raise rates and either of those, we think, would make it hard to continue our basic mission," Johnson said.   http://www.timesfreepress.com/news/2013/nov/15/bellefonte-costs-rise-again/
 
Zombie plant costs ratepayers, evidence of poor utility management.  http://www.timesfreepress.com/news/2013/oct/27/bellefonte-at-a-glance/
 
TVA VIDEO AND LINKS
 
 
REPORT ON THE BELLEFONTE NUCLEAR PLANT 

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