There are 116 article(s) tagged MLGW TVA contract:
Memphis City Council member Jeff Warren on The Daily Memphian Politics Podcast says there could still be an agreement on the next step in the MLGW-TVA issue. He also warns that the Tennessee Legislature could close the door on a possible MLGW exit from TVA if there isn’t a shorter timeline.
Attorneys for the utility board warned against a joint meeting with City Council members the day after the council rejected a contract to move ahead with a look at replacing TVA as MLGW’s electric power supplier.
Here is how the city council voted Tuesday on the GDS contract — a critical juncture in considering whether MLGW should leave TVA. And a few possible next moves including MLGW doing the consulting work in house or a move to reconsider at the council in two weeks.
Memphis City Council members have rejected a Memphis Light, Gas and Water Division contract with a power industry consultant to explore what it would take for the utility to leave the Tennessee Valley Authority. The vote stops the two-year old process, at least for now. The MLGW board could have a response Wednesday morning at its regular meeting.
The council discussion of the record number of homicides so far this year could venture into past discussions of police reform. The City Council also discusses a rezoning of Summer Avenue to preserve four churches along the busy thoroughfare after one was about to be demolished.
GDS Associates, a Georgia company whose report in February 2019 kicked off MLGW’s examination of cutting ties to the Tennessee Valley Authority, is recommended for the $520,000 contract.
Here are some of the key dates in the MLGW-TVA saga over the last eight decades, starting with Nov. 6, 1934.
The political boss believed in public ownership of utilities from the dawn of his considerable influence over the city when he was a city commissioner. And Crump saw private owners of such utilities as political adversaries.
Memphis has left the Tennessee Valley Authority before, for a period that included the city building its own electric power plant. There are a lot of similarities between various turbulent chapters in the city's relationship with TVA as MLGW leaders again consider an exit from the federal agency.
The Memphis Light, Gas and Water Division board could have a decision in two weeks on the firm that will oversee the next steps in deciding whether to stay with the Tennessee Valley Authority.
President Donald Trump called earlier this month for changes at the top of TVA including Lyash. But after Thursday's board meeting in Knoxville, new board chairman John Ryder of Memphis said there are no plans to oust Lyash.
Memphis and Shelby County will sacrifice hundreds of millions of dollars worth of support in economic development if Memphis Light, Gas & Water Division splits from TVA, chief executive Jeffrey Lyash tells the EDGE Board.
As expected, the utility is moving to a request-for-proposal process that would seek specific proposals from electric power suppliers that could replace the Tennessee Valley Authority.
The MLGW board meets Wednesday and is likely to get a recommendation from its CEO to find a firm to field price quotes and other specific options toward either staying with TVA or what life after TVA looks like.
The board heard Monday from a coalition of groups pushing for cutting ties to TVA and other electric power suppliers that could replace TVA.
President Trump's shake-up of the Tennessee Valley Authority board appears to have nothing to do with the coming decision by Memphis Light, Gas and Water Division on whether to stay with or leave the federal agency.
Memphis Light, Gas and Water Division is “too large” to depend exclusively on the most-often mentioned source of power should MLGW leave the Tennessee Valley Authority, but the city-owned utility still could save up to $122 million a year under certain options recommended in the final version of a consultant’s report.
Critics of TVA contend the Friday meeting is “highly improper.” MLGW says the meeting is part of due diligence on the way to a final version of the report that will play a large role in determining whether the city-owned utility stays with or leaves TVA.
The offer by CEO Jeff Lyash at a Tuesday City Council presentation includes investments and money over a 20-year period. Meanwhile, there was more reaction from other parts of the issue on a final version of the Integrated Resource Plan on the matter commissioned by MLGW.
While critical of the first draft of the IRP by Siemens consulting, the environmental group says it still makes a case for more renewable energy to generate electric power. The Sierra Club response also stops short of recommending cutting ties to TVA, saying the cost of transmission lines to rival MISO should be fully explored.
The public comment period on the first draft of the study that plays a crucial role in whether the city-owned utility stays with the federal agency ends Monday.
The federal agency’s formal response to the draft report released last month says Memphis Light, Gas and Water Division could lose $260 million a year if it drops TVA to go with another electric power supplier.
There has been a lot of speculation on projected savings if MLGW changes energy suppliers by individuals with personal interests. But there are facts that cannot be challenged.
The leader of the consulting team that drafted a plan for MLGW potentially getting power from providers other than TVA said even the “worst outcome” in the report shows savings for MLGW.
Leaving the Tennessee Valley Authority could produce up to $150 million a year in savings for Memphis Light, Gas and Water Division. But there are also costs to consider in the numbers-heavy first draft of a report released Friday on a possible move away from TVA.