Thursday, April 19, 2018

Don't sell TVA
U.S. Senators Bob Corker and Lamar Alexander, both Tennessee Republicans, on Wednesday joined 13 of their congressional colleagues, including every member of the Tennessee delegation, to send a letter to President Donald J. Trump urging the administration to reconsider its proposal to sell the Tennessee Valley Authority’s (TVA) transmission assets. “TVA’s continued success and ability to provide low-cost power is vital to the TVA region’s families and businesses. Previous Administrations have proposed selling TVA and its assets and these proposals have all been soundly rejected by Congress,” the members wrote. “When President Obama proposed selling TVA in 2013, all it did was undermine TVA’s credit, raise interest rates on TVA’s debt, and threaten to increase electric bills for 9 million ratepayers… TVA has among the lowest power rates in the country which, along with its reliability, help bring numerous new businesses to the region, “the letter says.”


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