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

Video of listening session & meeting

 

Meeting News Release and Links To Fact Sheets

TVA Presentation

 

REPORT ON THE BELLEFONTE NUCLEAR PLANT