TVA financial filings as required by the Securities & Exchange Commission, Form 10Q. TVA's debt as of Dec 31, 2007 is listed as $22.760 billion. Interest payment related to total debt as of Dec 31, 2007, $20.724 Billion. Total assets at the end of 2007 are listed as $33.787 billion. TVA's total of financial committments which includes debt, its interest, lease obligations, purchase obligations of power, fuel and other(??$658million), retirement plan, etc are $54.659 billion. Total operating revenue for the 1st quarter is listed as of Dec 31, 2007 as $2.350 billion. TVA realized a net income loss for the first quarter of 2008 of $17 million dollars.
The question arises, can we afford a nuclear power plant? The TVA has admitted they have neglected their dam fleet, they have neglected to upgrade and expand their hydroelectric capabilities. They are also implementing a required energy efficiency program. The TVA's "bread and butter" has been hydroelectric power generation. They have neglected that "bread and butter" program for expensive nuclear construction. They have also placed their energy efficiency program behind their nuclear development in their Strategic Plan. It also appears they have intentionally placed their wind mill "token" generation facility in an area that is not optimal for producing wind power. The TVA's negligence in management of efficiency, alternative energy and their hydroelectric generation capacity is an unacceptable solution for energy development. Their negligence points toward a favoritism of nuclear power at the expense of prudent management of their most economical and efficient resources, people and hydroelectric power generation.
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