TVA employees get $161M in ‘winning performance’ pay
As the utility met or surpassed key fiscal 2022 goals, its workers have each been rewarded with a median check of $6,610.
Topic: TVA
RSSThere are 121 article(s) tagged TVA:
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November 2022
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TVA CEO Lyash remains federal government’s highest-paid employee
Lyash is the highest-paid federal employee in the country, but an independent consultant said the pay for TVA’s CEO was still 18% below the average of 42 comparable investor-owned utilities.
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TVA’s coal ash cleanup site in Memphis on ‘most contaminated’ list
The report’s complaints hinge on the authors’ interpretation that both the East and West Ponds at the Allen Plant should be subject to federal regulations rather than the state-level commissioner’s order.
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MLGW power vote postponed due to Franklin Haney challenge
The Franklin L. Haney Co. said MLGW’s bid review process was biased toward TVA and it asked that its proposal be rescored.
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New MLGW-TVA contract vote scheduled for later this month
The board vote could end a years-long process over who will be MLGW’s next power supplier.
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MLGW warns of higher consumer costs next year
Though the utility has no plans to increase rates this year — or next — costs are still expected to be 9% higher than last year.
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October 2022
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MLGW extends public comment period for power supply decision
MLGW is accepting comments at PowerSupply@mlgw.org and at board meetings until the board votes.
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‘Worst time’ for MLGW power supply decision, clean energy advocates say
Critics of MLGW’s recommendation to sign a long-term contract with the TVA say the 13 bids were evaluated during highly unusual circumstances.
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Rep. Cohen wants to tear down TVA ‘fence’ preventing competitive electricity market
The Federal Energy Regulatory Commission chair has called TVA’s federally defined geographic service territory “a vestige of a bygone era in the region.”
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September 2022
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MLGW: 23 bids, 5,000 pages of documents and a one-hour presentation
Only three bidders — NextEra Energy, the Tennessee Valley Authority and the Franklin L. Haney Company — submitted full-requirement proposals to MLGW during its RFP process for a new energy provider.
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Opinion: TVA’s proposal is terrible for Memphis and Shelby County
MLGW has failed its fiduciary duties to its ratepayers. The ratepayers deserves a fair RFP. City Council should vote against the TVA contract until all questions are answered, even if it takes a few years.
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MLGW hears public opposition to long-term TVA contract
Several citizens publicly objected to a long-term contract between MLGW and the TVA, saying the utility shouldn’t lock itself into a deal that diminishes its negotiating power in a rapidly changing energy market.
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Advocacy groups request longer public comment period on MLGW power proposals
“MLGW’s decision on its future power supply is one of the most consequential single decisions that any community has made in the history of SACE’s work throughout the Southeast region over the past three decades,” said the executive director of the Southern Alliance for Clean Energy.
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TVA CEO Jeff Lyash says 20-year contract term with MLGW is nonnegotiable
Lyash cited stability, discounted base rates and flexibility for utilities to build out carbon-free generation as the biggest draws for a long-term contract, but its terms are nonnegotiable.
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Lawsuit seeks TVA salary information for its regional vice presidents
As Memphis officials review bids of competitors who might replace the Tennessee Valley Authority as the city’s sole supplier of electricity, a Freedom of Information lawsuit seeks release of salary information on TVA’s four regional vice presidents.
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City leaders to take ‘deeper dive’ into MLGW recommendation
The recommendation Thursday, Sept. 1, from MLGW CEO and President J.T. Young will likely not be the last word on the issue.
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Clean energy advocates: MLGW could be leaving ‘value on the table’ with TVA proposal
The Tennessee director of the Southern Environmental Law Center said TVA’s proposed agreement make it difficult to change energy providers, and it’s unlikely that MLGW would undergo another evaluation process similar to the current one if it signs a long-term deal.
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MLGW leaders recommend staying with TVA for greatest value, least risk
Suburban mayors back MLGW recommendation, still want representation
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Suburban mayors back MLGW recommendation, still want representation
With Memphis Light, Gas & Water Division now leaning toward staying the TVA as its power supplier, suburban leaders’ focus shifts to representation on the utility’s board.
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MLGW leaders recommend staying with TVA for greatest value, least risk
TVA’s long-term contract proposal offers a 3% reduction in MLGW’s current base rate but also includes a 20-year termination notice compared to the current five-year notice. The City of Memphis has responded to the recommendation.
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Suburban mayors back MLGW recommendation, still want representation
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August 2022
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TVA denies reliance on MISO during grid strain
Less than 24 hours before MLGW management makes a recommendation for the utility’s next power supplier, the TVA refuted claims that it leaned on another electricity provider during some of the hottest days of the year.
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MLGW to recommend future electricity supplier
At Thursday’s meeting, MLGW management will recommend whether they think the utility should continue with TVA or go with a different power provider.
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Suburbs stand together, want MLGW to remain with TVA
Another round of suburbs add their input Tuesday, Aug. 30, on the potential MLGW-TVA split.
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Arlington, Collierville, Millington want a say ahead of MLGW recommendation
Half of Shelby County’s suburbs passed a resolution seeking a voice in decisions regarding Memphis Light, Gas and Water Division.
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City Council hires energy consultant to aid vote if MLGW leaves TVA
If MLGW opts to enter into a contract with a new electric supplier, the board will make a recommendation to the council, at which point Tabors Caramanis Rudkevich would step in.
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Opinion: The suburbs need a voice on whether MLGW will leave TVA
Isn’t it time for MLGW to expand their board representation to include the entire service area instead of restricting voting membership to Memphis?
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