TVA

The Tennessee Valley Authority is expected to meet Monday to discuss delegating authority to the utility's new chief executive until it fills several vacancies on its board. The board is made up of nine members and five seats are pending congressional action, including one that's up for reappointment. Congress is set to adjourn this month.

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The U.S. Geological Survey says an earthquake centered in Kentucky also hit at least eight other states. The USGS website says the epicenter of the 4.3 magnitude earthquake Saturday afternoon was about 10 miles west of Whitesburg, near the Virginia line.

The Tennessee Valley Authority’s board has chosen a former energy chief from North Carolina to succeed retiring Tom Kilgore as the chief executive of the nation’s largest public utility.

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.

TVA Becoming Less Coal Dependent

Oct 8, 2012

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.

Afternoon Round-Up 8/16/12

Aug 16, 2012

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.

morning cram [Sudanese cattle-rustlin' edition]

Aug 16, 2012

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.

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

TVA electricity: winter sales down, summer sales up

Aug 3, 2012

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.

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