There are 116 article(s) tagged MLGW TVA contract:
The first draft report, which MLGW will release by Friday, likely won't outline a simple unplugging from TVA and plugging in somewhere else. MLGW's president and CEO said in a "Behind the Headlines" interview it's a risky move without the utility generating some of its own power. And two Entergy executives nearby back him on that assertion.
The city’s nearly century-old relationship between Memphis Light, Gas and Water Division and the Tennessee Valley Authority reaches a critical point with some options, thanks to hard past negotiations.
To date, four independent studies – including one also financed by MLGW – have come to the same conclusion that if Memphis would leave TVA and join MISO, the city could save up to $450 million a year.
The president and CEO of the Tennessee Valley Authority, during an appearance on "Behind The Headlines," also panned a set of four studies touting much broader savings if MLGW cuts ties to the federal agency. Lyash is pushing a 20-year renewal contract with a 3% signing bonus and TVA aid in helping MLGW generate its own solar power.
Cheryl Patterson says the utility board makes the first decision on whether MLGW stays or leaves TVA.
The city council approved a resolution that asks the mayor to seek specific information on what it would take for MLGW to break ties with TVA and pursue another electric power supplier. But the effort will wait at least until a first draft of a comprehensive report commissioned by MLGW is released May 29.
Up for discussion Tuesday is a move to get a proposal from a specific TVA competitor and a legal opinion that could put off an electric rate hike scheduled to take effect July 1.
There are lots of acronyms and plenty of names being dropped in the MLGW-TVA debate. Here's an ongoing guide to some of both along with our coverage of them.
A statement on TVA's website says the estimates by a set of studies independent of Memphis Light, Gas and Water Division's process on the issue are "a distraction from the truth."
The MLGW contract with TVA to supply all of its electric power goes back to the Great Depression. The contract is in play with some concerted lobbying efforts that have drawn the ire of at least one City Council member and some interesting filings in two federal courts.
The council moved $354 million in bonds closer to a summer issuance. But the bonds took a back seat to more maneuvering in the question of whether MLGW should continue its 80-year relationship with TVA. And in the process, it looks like one rival to TVA may have been ruled out.
We must not waste this unique opportunity to build a clean, prosperous energy economy by relying again on the same old dirty sources of power.
Those who will make a recommendation on whether the Memphis utility supplier should cut ties with the TVA want a scenario on switching to Midcontinent Independent System Operator included in the research.
In his first "State of MLGW" address, President and CEO J.T. Young said power outages are up and are lasting longer as the utility begins its $1 billion five-year infrastructure overhaul.
The city council takes another look Tuesday at the relationship between Memphis Light, Gas and Water Division and the Tennessee Valley Authority. And the residency issue for city employees is back as well.
The city council voted last week to seek a legal opinion key to the question of Memphis Light, Gas and Water Division cutting ties with the Tennessee Valley Authority.