Wednesday, February 14, 2018

Trump wants to sell TVA
President Donald Trump wants to sell TVA to partially pay for his infrastructure and border wall proposals. The plan however would have states and local governments pay 80 percent of the infrastructure costs. But the suggestion isn't going off well with Tennessee Republican senators. U.S. Senator Bob Corker said , “While it is important to remember that TVA has not received any taxpayer funding since 1999 and has taken positive steps in recent years to pay down its debt, as I’ve said before, I think it’s valuable to evaluate from time to time reforms that could cause TVA to function more effectively for Tennessee taxpayers and ratepayers,” said Corker. “That said, at the end of the day, selling TVA is a very unlikely outcome.” And Senator Lamar Alexander added,“This looney idea of selling TVA’s transmission lines seems to keep popping up regardless of who is president. It has zero chance of becoming law. When President Obama proposed this in 2013, all it did was undermine TVA’s credit, raise interest rates on its debt, and threaten to increase electric bills for 9 million Tennessee Valley ratepayers.”


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