7:51 am
Mon October 15, 2012

TVA Shortfall Affects Ratepayers

A new Tennessee Valley Authority quarterly report shows their pension fund shortfall is affecting ratepayers. TVA officials say one of the main reasons for the 2 percent increase was the $300 million the agency put into its pension fund. TVA has added nearly 1.3 billion from customers to the fund since 2008. But, the utility didn’t add to the fund or increase rates this year. John Thomas with TVA says he expects market gains to make up for the shortfall in 10 to 15 years.  He says TVA will continue to take care of its employees and retirees. Less than 20 years ago, the fund had a surplus.

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11:27 am
Mon October 8, 2012

TVA Becoming Less Coal Dependent

The Tennessee Valley Authority's reliance on coal has dropped and the use of natural gas as fuel to generate electricity has increased. The Commercial Appeal reports TVA's use of gas climbed 70 percent in the fiscal year ended September 30. At the same time, coal-fired generation declined 30 percent from fiscal year 2011.

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Afternoon Update
4:12 pm
Thu August 16, 2012

Afternoon Round-Up 8/16/12

What they're applying for is not permanent legal status... applicants will essentially receive a promise from the federal government that they won't be deported for the next two years.

Today on NPR: The government began accepting applications Wednesday for "deferred action for childhood arrivals." The program allows qualified undocumented young people brought to the U.S. as children to study and work legally in the U.S. Many are applying, but the process is not without risk for some.

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Morning Cram
9:45 am
Thu August 16, 2012

morning cram [Sudanese cattle-rustlin' edition]

"The distance from our lands to Murle lands is a five-day walk," Toonya says. "From there, when the battle starts, you might be running constantly for six hours, stealing cows and taking children and women."

Today on NPR: In South Sudan, a man's worth is measured by bovine wealth, and ever-increasing dowries are paid in cows. Cattle-rustling is an age-old problem. But recently, these raids have become markedly more violent, and the new nation is having difficulty stopping them.

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9:24 am
Thu August 16, 2012

TVA board to decide budget, power rates

Electricity rates for Tennessee Valley Authority customers in seven states, including Kentucky and Tennessee, are on today’s agenda for the utility's board of directors.  

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Morning Cram
11:37 am
Fri August 3, 2012

the morning cram [unemployment/election edition]

From NPR: Unemployment rises 8.3 percent despite creation of 163,000 new jobs.

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11:16 am
Fri August 3, 2012

TVA electricity: winter sales down, summer sales up

A 5 percent increase in electricity sales from hot weather this summer has boosted the Tennessee Valley Authority’s profits this quarter. But it wasn’t enough to offset the 5.9 percent drop that came with last winter’s mild patterns. TVA officials couldn't say whether they'd increase power rates at the start of the new fiscal year in October until after its board meets later this month.

5:04 pm
Tue May 15, 2012

Multi-Party Agreement Extends Paducah's USEC Operations for One Year


The United States Enrichment Corporation today entered into a multi-party arrangement with Energy Northwest, the Bonneville Power Administration (BPA), the Tennessee Valley Authority (TVA) and the U. S. Department of Energy (DOE) to extend uranium enrichment operations for about a year at the Paducah Gaseous Diffusion Plant in Paducah, Ky.

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3:41 pm
Tue May 8, 2012

TVA Opens New Recreation Area Below Kentucky Dam

U.S. Army Corps of Engineers Digital Visual Library

The Tennessee Valley Authority has opened a new recreation area with a fishing pier on the west bank of the Tennessee River below Kentucky Dam. 

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TVA Manager's Pay Still Rising
7:42 am
Mon March 26, 2012

Pay Keeps Increasing for Top TVA Managers

Top managers at the Tennessee Valley Authority now make more than members of Congress, who are paid $174,000 annually.  The Chattanooga Times Free Press reports TVA is paying out nearly $30 million a year more for 155 of its top leaders since Congress removed salary limits at the federal utility in 2004.  Former TVA Director Skila Harris said the changes have helped the utility hire qualified workers, plant managers, technicians and executives.