There are 8 article(s) tagged Integrated Resource Plan:
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.
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 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.
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.
Listen as J.T. Young discusses the Integrated Resource Plan, a process to help MLGW find the most cost-effective, eco-friendly and reliable energy source.
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.
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.
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