There are 17 article(s) tagged MISO:
Memphis is not in a weak position regarding our electricity choices, and $450M for Memphis believes that a city should never sign a $20 billion contract without at least one competitive bid that addresses all costs, terms and options.
“The mayor’s report not only had different conclusions than those that were reported, but they elaborated on specific factors in which MLGW’s actions when it issued an RFP were inadequate and unprofessional.”
“Heaping praise on power companies that merely do what they are supposed to do is pointless. The now-exposed reality is that TVA is no more reliable than its neighboring utilities.”
TVA’s long-term contract proposal offers a 3% reduction in MLGW’s current base rate but also includes a 20-year termination notice compared to the current five-year notice. The City of Memphis has responded to the recommendation. Suburban mayors back MLGW recommendation, still want representationRelated story:
Less than 24 hours before MLGW management makes a recommendation for the utility’s next power supplier, the TVA refuted claims that it leaned on another electricity provider during some of the hottest days of the year. Related story:
At Thursday’s meeting, MLGW management will recommend whether they think the utility should continue with TVA or go with a different power provider. Related story:
“Chances are good that TVA will eventually come around to reasonable conditions that benefit both themselves and the Memphis area.”
MISO CEO John Bear says savings for MLGW from switching its electric power supplier from TVA to the rival power network are at least $100 million a year, which is nearly double the estimate of the power consultant MLGW is using.
At a meeting Tuesday, local residents in favor of a split from the Tennessee Valley Authority criticized MLGW’s bid process — and learned who submitted at least one of the power proposals.
A firm that simplifies bill-paying for households around the country reports that Memphis is second only to Austin, Texas, for having the nation’s lowest average utility bills.
The council could take the first of three votes Tuesday, March 16, on a ban of retail sales of dogs and cats as a national pet store chain has moved into Wolfchase. The council could also try to regulate where pipelines are located as a first step toward stopping the Byhalia pipeline project.
When we get into buying big stuff, like $20 billion to $25 billion worth of electricity, there are laws and rules, conventions, traditions and common sense that apply. One of these is getting competitive bids from more than one capable bidder.
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.
The board heard Monday from a coalition of groups pushing for cutting ties to TVA and other electric power suppliers that could replace TVA.
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.
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.
MLGW president and CEO J.T. Young says the utility will talk with some alternate electric providers as it weighs a long-range examination of ending or altering its 80-year relationship with TVA.
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