There are 6 article(s) tagged EnerVision:
“It would be unfair to the citizens of our city if either of these MLGW proposals were approved on Thursday without further serious discussion and the critical input necessary from the ratepayers who could be affected.”
In the face of political pressure, Memphis Light, Gas and Water CEO Doug McGowen gave his firmest no yet — MLGW won’t be bidding out its energy supply again anytime soon.
In the summer of 2022, the price of natural gas spiked. While the rest of the companies interested in MLGW’s power supply contract adjusted their prices, TVA was still using pricing prior to that time. Their bid came in lower, and everyone else’s came in higher — much higher.
While there are real savings if MLGW buys power outside of TVA, according to EnerVision, it’s not a figure that will transform MLGW or the City of Memphis’ budget, but ratepayers would feel its impact.
The report recommends MLGW revisit the market for energy sources when conditions improve.
The March 22 council day starts with the 2 new MLGW board members and three reappointees. Some on the council also want to hire an energy consultant.
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