Public Power Daily
May 20, 2013: No. 20 Past Issues | Subscribe | Advertise | RSS
www.PublicPower.org | APPA Online Suppliers Guide
Public Power TV

Sen. Alexander hits proposal to sell TVA


Print Print this article | Send to Colleague

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.

 
APPA

1875 Connecticut Ave., NW
Suite 1200
Washington, DC 20009-5715

Voice : 202/467-2900
Fax : 202/467-2910
www.PublicPower.org


Copyright © 2018, American Public Power Association

footer