There are 34 article(s) tagged J.T. Young:
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.
Memphis Light, Gas and Water President J.T. Young says the utility is exploring ending its contract with a payment kiosk company that includes payment stations at 30 ACE Cash Express outlets.
The rate hike marks a breakthrough for MLGW, which has had two other multi-year rate-hike proposals rejected by the Council in the past two years. The legal opinion on bonds backed by projected post-TVA savings was part of the compromise.
The original electric rate hike proposal voted down by the City Council last month was replaced Jan. 8 with a Memphis Light, Gas and Water Division proposal that is two cents lower on the average monthly residential bill.
Memphis Light, Gas and Water Division is proposing a new electric rate hike that would be less steep than an earlier proposal in the first of three years, but about the same overall. Meanwhile, some city council members want to pair the rate hike decision with whether MLGW cuts its ties with the Tennessee Valley Authority.
The president and CEO of MLGW outlines the Integrated Resources Plan that will play a large part in any recommendation from MLGW and what would happen if TVA tried to make a deal with the utility.
MLGW brass, TVA leaders and Memphis City Council members met Wednesday at City Hall for the latest discussion in a decision the utility and the city are expected to make in 2020.
City council members got their first look at not only the MLGW budget that includes rate hikes but the efficiency study that is being used to leaven the impact of the rate hikes. The council reviews all of it again in two weeks and could also vote at the Nov. 19 council session.
The plan goes to a tough audience of City Council members Tuesday for a first look. The council has twice in the past two years rejected such rate hike requests from MLGW after debating the right balance between rate hikes in a poor city and the need to update the utility's infrastructure for one of the city's most basic services.
Memphis Light Gas and Water Division president CEO J.T. Young talks about the report recommending a cut in more than 300 employees, other savings and the rate hike proposal he is about to take to City Hall.
Some Germantown residents are weary of frequent power outages and want Memphis Light, Gas and Water Division to address the issue. But during a meeting Tuesday night, MLGW officials could not promise when power issues might be resolved.
A member of the advisory group to MLGW on such a plan says on "Behind the Headlines" the complex undertaking could hold several changes beyond who supplies wholesale electric power to the local utility.
Jeff Lyash spoke Thursday at the second meeting of an advisory group to Memphis Light, Gas and Water Division on the question of ending or changing the utility's 80-year relationship with the Tennessee Valley Authority.
A 20-member advisory group on the idea of Memphis Light, Gas and Water Division changing its relationship with the Tennessee Valley Authority meets Tuesday for the first time.
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