There are 47 article(s) tagged J.T. Young:
The $520,000 consulting contract is a close but not exact match of the one the City Council rejected last October. The rejection stalled the process of considering an exit from TVA by six months. The new contract goes to the council for approval next week with price estimates due by the end of this year.
MLGW President and CEO J.T. Young on “Behind The Headlines” says the new contract with a consultant involves Memphis Mayor Jim Strickland as a mediator between the utility board and the council.
But members stop short of reviving the consultant’s contract for the next step in the review process and sending it back to the City Council. The council’s rejection of the contract last year stalled the process.
MLGW resumed disconnecting customers for overdue bills this week. But there are so many, the utility has had to phase the cutoffs in, giving customers more time to work out payment plans over the next year.
Memphis Light, Gas and Water Division President and CEO J.T. Young says spikes in bills and blackouts in other parts of the country show electric power isn’t a commodity but a necessity, representing a shift in the local debate that has been around getting a cheaper wholesale price for electricity.
The city’s boil advisory is being lifted immediately, according to Memphis Light, Gas and Water Division President and CEO J.T. Young.
The advisory could be lifted in stages for parts of the MLGW area, which is most of Shelby County with the exception of Bartlett, Germantown, Collierville and Millington. Even when it is lifted MLGW president and CEO J.T. Young said the utility will still be asking households and businesses to continue conserving water for some period after the full restoration.
State environmental officials are helping in the effort to find leaks and resolve water problems.
When the city’s water system became a crisis last week, Memphis Light, Gas and Water Division was several months underway with a five-year $142.4 million overhaul of water system infrastructure.
Memphis Light, Gas and Water Division will suspend service cutoffs for nonpayment until further notice and extend its pandemic payment plan option. The boil water advisory remains in effect.
But a cutoff to large industrial water customers is a possibility if water pressure problems persist, MLGW President and CEO J.T. Young said Friday. Related article: Street clearing effort moves beyond major thoroughfares
Memphis, Light, Gas and Water’s water pressure situation has improved since Friday, but the utility organization’s president J.T. Young said it’s still “a critical patient.” He may have a better timetable Sunday on lifting the boil water advisory. Meanwhile, City Council members look at the water crisis.
Low water pressure in Memphis Light, Gas and Water Division’s water grid prompted the utility to issue a rare boil water alert Thursday afternoon.
MLGW president and CEO J.T. Young said the utility should put more emphasis on electric rate savings for customers as it pursues the question of leaving or staying with the Tennessee Valley Authority.
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.
MLGW votes to hire Georgia consulting firm to get proposals on companies seeking to replace TVA as the energy source for the utility.
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.
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.
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.
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.
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.
Cheryl Patterson says the utility board makes the first decision on whether MLGW stays or leaves TVA.
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.
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.
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