Why the Tennessee Valley Authority Must Be Reformed or "Why Yankees hate our power."
Update: Mar 29, 2011. Unfortunately the active link to this information has been removed from the web. However, here is a synopsis. Below you will find a Christian Science Monitor article concerning the bloated debt of the TVA due to mismanagement and unnecessary investments into nuclear energy.
"Tennessee Report--Still Draining the Nation" http://www.tnreport.com/2009/09/still-draining-the-nation/
"PRESS CONFERENCE: RESTRUCTURE TVA"
----------------------------------
Rep. Rodney Frelinghuysen (R-NJ), Senator Jack Reed (R-RI), Rep.
Bob Franks (R-NJ) and the Northeast-Midwest Institute on Tuesday,
September 15, will hold a press conference to discuss pending
appropriation and policy issues facing the Tennessee Valley Authority
and to release RESTRUCTURE TVA: WHY THE TENNESSEE VALLEY AUTHORITY
MUST BE REFORMED. The session was postponed from last week.
The Institute's 54-page monograph explains that the nation's
largest electric utility suffers an enormous $29-billion debt,
mismanagement, and falling political support at the very time that
lawmakers are restructuring the nation's electric utility industry and
transforming the way consumers buy electricity. It also describes
TVA's taxpayer subsidies and exemptions from federal and state laws
and regulations, its role as one of the nation's largest air
polluters, its six-figure bonuses and secret retirement funds for top
executives, and its non-competitive consulting contracts to cronies of
those officials. The report calls for restructuring this outmoded
government agency.
More information: http://www.csmonitor.com/Commentary/Opinion/2009/0225/p09s01-coop.html
This should be a plain message for the TVA Board and it's executives, do not squander our resources. This should also serve as a warning for citizens of the valley, particularly politicians who have "nuclear tunnel vision." There is a move to end the TVA. Ending the TVA would have a serious negative economical impact on the Tennessee Valley Region of the Southeast. Debt due to expensive nuclear power plants is a sure fire way to end the TVA.
Update: Mar 29, 2011. Unfortunately the active link to this information has been removed from the web. However, here is a synopsis. Below you will find a Christian Science Monitor article concerning the bloated debt of the TVA due to mismanagement and unnecessary investments into nuclear energy.
"Tennessee Report--Still Draining the Nation" http://www.tnreport.com/2009/09/still-draining-the-nation/
"PRESS CONFERENCE: RESTRUCTURE TVA"
----------------------------------
Rep. Rodney Frelinghuysen (R-NJ), Senator Jack Reed (R-RI), Rep.
Bob Franks (R-NJ) and the Northeast-Midwest Institute on Tuesday,
September 15, will hold a press conference to discuss pending
appropriation and policy issues facing the Tennessee Valley Authority
and to release RESTRUCTURE TVA: WHY THE TENNESSEE VALLEY AUTHORITY
MUST BE REFORMED. The session was postponed from last week.
The Institute's 54-page monograph explains that the nation's
largest electric utility suffers an enormous $29-billion debt,
mismanagement, and falling political support at the very time that
lawmakers are restructuring the nation's electric utility industry and
transforming the way consumers buy electricity. It also describes
TVA's taxpayer subsidies and exemptions from federal and state laws
and regulations, its role as one of the nation's largest air
polluters, its six-figure bonuses and secret retirement funds for top
executives, and its non-competitive consulting contracts to cronies of
those officials. The report calls for restructuring this outmoded
government agency.
More information: http://www.csmonitor.com/Commentary/Opinion/2009/0225/p09s01-coop.html
This should be a plain message for the TVA Board and it's executives, do not squander our resources. This should also serve as a warning for citizens of the valley, particularly politicians who have "nuclear tunnel vision." There is a move to end the TVA. Ending the TVA would have a serious negative economical impact on the Tennessee Valley Region of the Southeast. Debt due to expensive nuclear power plants is a sure fire way to end the TVA.
Is that the buzzards of Nu-Start circling. I bet they would love to pick up the pieces of a bankrupted TVA for pennies on the dollar?!
The move in 2010 has been renewed due to deceitful mismangement of the TVA.
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