TVA's refusal to disclose true construction costs of Bellefonte Nuclear Power Plant. A government agency using a bogus excuse to hide construction costs which would place the TVA over the Congressional mandated budget cap.
Nuclear Energy Power Producers include all in the Nu-Start Consortium: http://www.nustartenergy.com/Consortium.aspx
TVA supports the socialist model for our nation. Government sponsored business, no oversight, no competition. Creates massive debt paid for by taxpayers and Electric Rate Payers in the TVA service area.>
This article is interesting taking into consideration the collapse of Fannie Mae and Freddie Mac. http://www.eia.doe.gov/oiaf/servicerpt/subsidy1/boxtxt_2.html
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The TVA's latest schemes involving the Newly Formed 7 States Power Co-ops. Local public utilities within the TVA Service area are the members of this latest TVA socialistic corporate scheme: "On September 30, 2008, Seven States Power Corporation (“SSPC”) exercised an option to buy a portion of TVA’s Southaven Power Plant, a combined-cycle electric generating facility (the “facility”) located in Southaven, Mississippi. SSPC bought this portion through its wholly-owned subsidiary, Seven States Southaven LLC (“SSSL”). SSSL paid TVA approximately $325 million and purchased an undivided 69.69 percent interest in the facility. Funding for the purchase was provided through loans obtained by SSSL. The loans were provided by JPMorgan Chase Bank, N.A., CoBank, ACB, and Branch Banking and Trust Company... " from TVA required SEC filings, Form 8K. TVA has not submitted their 3rd Quarter, Form 10K. Something to hide maybe? TVA Debt, $25 billiion and climbing! We are in the 1st Quarter of Fiscal Year 2009.
Some old truths about the TVA from the TVA Consumer Protection Bill, Senate Bill 1323, October 1999: http://bulk.resource.org/gpo.gov/hearings/106s/63227.pdf
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Links to other TVA DEBT articles within "Watch for Snakes." https://www.blogcatalog.com/blogs/watch-for-snakes-n-scottsboro/posts/tag/tva%20debt/
3 comments:
It's the same around DOE sites - government created Republican-Socialist fiefdoms where the hotshots have come to think they deserve guaranteed handouts every year and with little oversight. Time to start knocking down this big-government system of redistributing our wealth to narrow special interests who produce little beneficial for the rest of society.
How does it feel being "slammed dunked" by the TVA?
Concerning "slammed dunked" by the TVA. The disclosure of construction costs are not just for me. They are for you and the rest of the citizens in the TVA area. "Slam Dunk" as you say only demonstrates the non-responsive, non-accountable antics and socialist position of the TVA. The idea is disclosure. What the TVA has disclosed is that it does not give a damn for you or the increases of your electric rates that you are already witnessing.
This is a government construction project to build a power generation facility. I would like to know the cost of that construction, I would hope others would also be interested in those construction costs. The TVA will not disclose the construction costs due to their debt, extreme project costs and their schemes of financing this project.
The TVA electric rates are already costing citizens more than rates in surrounding states out of TVA's territory.
The TVA is a separate entity from DOE. A Democrat created the TVA, Republicans and Democrats jointly support the TVA's current plans. The state of national politics is such that both major political parties have demonstrated their support for socialism.
TVA can not afford 1 nuclear reactor much less 2 or 4 as they like to propagandize. TVA is a socialist organization. The TVA and its network of local public utilities, power and water, operates beyond the control of regulatory guidance and laws of the State Public Utility Commissions. The TVA represents non-accountable uncontrolled socialist enterprise free from regulatory guidance. It is a destroyer of an open market, regulated enterprise system which is the backbone of our nations economy. The TVA is a direct threat to this nations governmental system of the Republic. There can be no in between. You either support the Republic or you do not, you either support regulated commercial enterprise or you support socialism.
After inquiry, investigation and much thought, I have came to the conclusion that the TVA must be abolished in its current form as it represents non-accountable government, socialism and mismanagement of citizen resources. It is a bloated Federal Bureaucracy whose executive levels are crammed with socialist bureaucrats that are interested in one thing, maintaining their job and increasing the TVA's bureaucracy at taxpayer and ratepayer expense.
The TVA at this point in our history increases our Federal Debt and is a liability to our nation. The TVA should maintain its dam fleet and control of the river resources, nothing more or possibly turn over control of the dams and river resources to the Corp of Engineers. All other assets, power generation assets, etc. should be sold.
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