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May 20, 2013: No. 20 Past Issues | Subscribe | Advertise | RSS | APPA Online Suppliers Guide
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Sen. Alexander hits proposal to sell TVA

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Sen. Lamar Alexander, R-Tenn., last week blasted a proposal in President Obama's recent budget that contemplates a possible sale of the Tennessee Valley Authority.

At a May 15 hearing on the Energy Department's budget request for fiscal year 2014, he said the decision to float the idea of selling the federal power provider "caused TVA bonds to lose about $500 million in market value and increased utility bills among the public utility's customers," reported E&E Publishing.

DOE Deputy Secretary Daniel Poneman, the sole witness at the hearing, said no decisions had been made and called the language in the budget request no more than "the opening of a conversation." He said DOE and other agencies will be consulted if the plan is pursued farther. —J.A.


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