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Keyword: tva

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  • Former Tennessee Valley Authority VP Pleads Guilty to Unlawful Financial Investments in Iran

    09/06/2013 10:48:10 AM PDT · by TennesseeGirl · 8 replies
    WRCB ^ | Sept 04, 2013 | WRCB Staff
    Former TVA Vice President 58-year-old Masoud Bajestani plead guilty to conspiracy to violate the International Emergency Economic Powers Act (IEEPA) and Iranian Transactions Regulations, and two counts of filing false income tax returns. Bajestani sentencing is set for January 15, in U.S. District Court in Knoxville. Bajestani faces a maximum sentence of five years in prison for conspiracy to violate the IEEPA, and three years for each count of filing a false tax return. He also faces a maximum fine of $250,000 on each count. In February 2013, a federal grand jury charged Bajestani, with conspiracy, violations of the IEEPA...
  • Obama faces resistance in bid to unload popular southern utility giant

    05/29/2013 5:22:12 PM PDT · by Kaslin · 33 replies
    Fox ^ | May 29, 2013 | John Roberts
    KNOXVILLE, Tenn. – Spring rains cascade over the lip of the Norris Dam in a torrent of white foam and spray. A hundred yards downriver from this concrete waterfall, people stop at the little park to record the scene on their smart phones or digital cameras. It is an image made for a postcard -- a remarkable marriage of nature and technology. And a centerpiece of the Tennessee Valley Authority. Created in 1933 by President Roosevelt, the TVA brought electricity to Appalachia, with the goal that wiring up Tennessee, parts of North Carolina, Alabama and Mississippi would help bring prosperity...
  • President’s proposed budget calls for strategic review of government’s role in TVA

    05/07/2013 2:23:29 PM PDT · by thackney · 8 replies
    Energy Information Administration ^ | MAY 7, 2013 | Energy Information Administration
    The president's recently proposed budget for fiscal year 2014 included a strategic review of the federal government's role in the Tennessee Valley Authority (TVA). TVA is a federally owned corporation that owns and operates 56 power plants in the Tennessee Valley Region, which stretches across parts of six states (Alabama, Georgia, Kentucky, Mississippi, North Carolina, and Tennessee). TVA's plants are primarily hydroelectric, natural gas, nuclear, and coal-fired facilities with a combined net summer capacity of more than 35 gigawatts (GW), about 3% of the total U.S. electricity capacity. According to the proposed 2014 budget, TVA's current capital investment plan...
  • The Stupid Party Strikes Again

    05/01/2013 11:30:58 PM PDT · by JerseyanExile · 10 replies
    Power Line ^ | APRIL 30, 2013 | STEVEN HAYWARD
    It’s not enough that Washington Republicans seem bent on signing onto any immigration deal that supposedly helps them with their “image” problem, but why do so many of them want to bash one of Obama’s better ideas in his budget: privatizing the Tennessee Valley Authority (TVA)? Let’s see: Barry Goldwater was for this before it was cool, and Ronald Reagan broached the idea in 1981, and was beaten back. Now Obama has grabbed hold of it. Start selling federal assets, and pretty soon the deficit might start to come down. It is understandable that Tennessee senators Corker and Alexander would...
  • Attack At U.S. Nuclear Plant? Multiple Shots Fired At Security Officer

    04/21/2013 11:52:55 AM PDT · by Strategy · 81 replies
    ENE News ^ | April 21, 2013
    WATE: Authorities are investigating after a security guard was fired upon at the Watts Bar Nuclear Power Plant. It happened around 2 a.m. today on the TVA property near the Tennessee River about a quarter mile from the plant's protected area. Officials say the security officer was patrolling the area when he was shot at, he returned fire and was uninjured. The shooting lead the Watts Bar plant staff to declare an unusual event, which is the lowest of the Nuclear Regulatory Commission's four emergency classifications. The FBI will also be sending a team. A suspect has not been found.
  • Obama Budget Calls for Privatizing the Tennessee Valley Authority

    04/14/2013 5:41:43 PM PDT · by JerseyanExile · 41 replies
    Reason.Com ^ | Apr. 13, 2013 | John K. Ross
    President Obama’s proposed 2014 budget includes an item free marketeers can rally behind: “reducing or eliminating” the federal government’s role in the Tennessee Valley Authority (TVA), the nation’s largest publicly owned utility. Naturally, both of Tennessee’s Republican senators oppose the proposal. Via Bloomberg News: “The odd thing is that a bunch of Rs are defending the most liberal, collectivist, state-managed thing ever undertaken in the United States,” said [Mike] McKenna, [a Republican energy lobbyist] whose clients include the Atlanta-based utility Southern Co. (NSC) that could benefit from a sale of the TVA, in an e-mail. “TVA was the brainchild of...
  • TVA loses $94 million in fiscal second quarter

    05/04/2012 9:33:11 AM PDT · by SmithL · 5 replies
    Chattanooga Times Free Press ^ | 5/4/12 | Dave Flessner
    The Tennessee Valley Authority lost another $94 million during the second quarter of the fiscal year as the mild winter cut TVA revenues by nearly 12.5 percent below the year-ago period. TVA said today that revenues in the three months ended March 31 totaled $2.6 billion, down from the $2.97 billion in the same period a year ago. Combined with losses in TVA’s first fiscal quarter, the federal utility reported a net loss for the first half of fiscal 2013 of $267 million on sales of less than $5.2 billion. In the same period a year ago, TVA earned $205...
  • TVA sued by zombie protestors

    01/27/2012 12:20:10 PM PST · by SmithL · 4 replies
    A group of six Knoxville residents are suing the Tennessee Valley Authority , claiming it violated their free speech rights by refusing them entry into a TVA board of directors meeting. The six people were dressed in zombie costumes when they were denied entry. Knoxville News Sentinel writes that they are also seeking an injunction stopping TVA from barring costumed citizens from attending meetings. Protestors in Chattanooga last July dressed up as zombies to urge TVA not to complete a plant in Bellefonte, where work has been idled since 1988. The protestors called Bellefonte a “corpse” of a power plant,...
  • Change that bulb!

    01/23/2012 10:01:01 PM PST · by Rabin · 64 replies
    Tennessee Valley Authority ^ | open | TVA staff
    Most people have incandescent (in-can-DESS-ent) light bulbs in their house. These bulbs get very hot and use a lot of energy.
  • TVA to invest $3-$5 billion to settle EPA claims

    08/07/2011 8:28:08 PM PDT · by Rabin · 14 replies
    Townhall Finance ^ | Aug 07, 2011 | Staff
    The settlement requires TVA to address emissions at plants that account for 92 percent of its coal-fired capacity, EPA said... Federally owned TVA also will retire 18 older coal-fired units at three power plants, totaling 2,700 megawatts... Snipp// “This settlement appears to be the largest of its kind in EPA’s history. In particular, the settlement requires TVA to shut down 18 coal-fired units, and to spend $3 billion to $5 billion to install new pollution control equipment at facilities across the TVA system, as well as provide an additional $350 million to fund “environmental mitigation projects,” and $10 million...
  • Watts Bar Project Manager Who Was Fired Had Sent Large Sums To Iran

    02/02/2011 9:10:05 AM PST · by starczar66 · 14 replies
    The Chattanoogan ^ | Feb. 1, 2011
    "The Watts Bar Nuclear Plant project manager who was recently fired by TVA sent large sums of money to his native Iran, according to documents in his divorce case. TVA officials have not said why Masoud Bajestani was dismissed - only that it was not related to his job performance. Bajestani had been in charge of leading the country's largest nuclear project after earlier completing a similar project at the Brown's Ferry Nuclear Plant in Athens, Ala..."
  • Judge opposes class action in TVA coal ash suits

    01/20/2011 12:35:17 PM PST · by SmithL · 1 replies
    AP via KnoxNews ^ | 1/20/11 | Bill Poovey, Associated Press
    CHATTANOOGA — The Tennessee Valley Authority won another round in a court fight against lawsuits from the utility’s huge coal ash spill, with a magistrate saying no to plaintiff lawyers who asked to seek damages in a class action. U.S. Magistrate Bruce Guyton recommended denying the class action status sought by attorneys for some of the 457 plaintiffs spread among about 50 current lawsuits, and for any others waiting to sue. Since the Dec. 22, 2008, spill of 5.4 million cubic yards of toxin-laden sludge in the Emory River and on privately held land beside TVA’s’ Kingston Plant, the utility...
  • Sen. Lamar Alexander: Needed: 100 New Nuclear Power Plants in 20 Years

    06/16/2009 1:37:51 PM PDT · by kellynla · 28 replies · 861+ views ^ | 06/16/2009 | Sen. Lamar Alexander
    Excerpted from a speech by Sen. Lamar Alexander on May 27 to the Tennessee Valley Corridor Summit in Oak Ridge, Tenn. One year ago I came to Oak Ridge to propose a new “Manhattan Project” to put America on the path to clean energy independence. The project would focus on seven “grand challenges:” plug-in electric cars and trucks, carbon capture from coal plants, making solar power cost competitive, recycling used nuclear fuel, advanced biofuels from crops we don’t eat, green buildings, and finally, fusion. Today I am in Oak Ridge to propose that the United States build 100 new nuclear...
  • TVA To Reduce Fuel Cost Adjustment for Third Straight Quarter in July

    05/28/2009 6:02:56 AM PDT · by TnGOP · 2 replies · 622+ views
    Tennessee Valley Authority ^ | 5/15/09 | Author Unspecified
    TVA To Reduce Fuel Cost Adjustment for Third Straight Quarter in July May 15, 2009 TVA today announced that the quarterly fuel cost adjustment will decrease for the third straight quarter for billing periods beginning July 1. This decrease, in addition to reductions on Jan. 1 and April 1, will more than offset the 17-percent FCA increase in October 2008. Overall, the decrease for the fourth quarter of the 2009 fiscal year will be a 4.1-percent reduction on total average wholesale rates, which is a reduction of approximately 35 percent from the current quarter’s fuel cost adjustment amount, bringing it...
  • TVA raises CEO's compensation, Duncan blasts increase

    10/31/2008 2:13:07 PM PDT · by Tennessee Nana · 13 replies · 437+ views
    Volunteer TV ^ | October 31, 2008 | Staff Writer
    NASHVILLE, Tenn. (AP) -- The Tennessee Valley Authority board has approved increasing the utility chief executive's compensation by nearly a half million dollars, and Congressman Jimmy Duncan, Jr., has sent a letter to the TVA board chairman questioning the move. The increase comes a month after the largest power rate increase in three decades took effect. "Announcing this raise on the same day the Nation officially enters a recession, when many people are struggling to make ends meet, is just very unfortunate." In his letter to TVA Board Chairman William Sansom, Duncan says, "It becomes even worse when it follows...
  • TVA raises CEO's compensation, Duncan blasts increase

    10/31/2008 2:13:07 PM PDT · by Tennessee Nana · 1 replies · 197+ views
    Volunteer TV ^ | October 31, 2008 | Staff Writer
    NASHVILLE, Tenn. (AP) -- The Tennessee Valley Authority board has approved increasing the utility chief executive's compensation by nearly a half million dollars, and Congressman Jimmy Duncan, Jr., has sent a letter to the TVA board chairman questioning the move. The increase comes a month after the largest power rate increase in three decades took effect. "Announcing this raise on the same day the Nation officially enters a recession, when many people are struggling to make ends meet, is just very unfortunate." In his letter to TVA Board Chairman William Sansom, Duncan says, "It becomes even worse when it follows...
  • TVA raises CEO's compensation

    10/30/2008 8:20:57 PM PDT · by fallingwater · 1 replies · 152+ views
    Associated Press ^ | October 30, 2008
  • TVA seeks reinstatement of permit for two unfinished nuclear reactors at Bellefonte (AL)

    08/28/2008 8:22:05 AM PDT · by kellynla · 15 replies · 364+ views
    The Birmingham News ^ | August 28, 2008 | KENT FAULK
    Tennessee Valley Authority officials are looking at the feasibility of completing its two unfinished nuclear reactors in northeast Alabama and has asked the Nuclear Regulatory Commission to reinstate its construction permits. The utility said Wednesday that it sent a letter Tuesday to the NRC asking to reinstate the permits for Units 1 and 2 at its 1,600-acre Bellefonte site in Jackson County. TVA had stopped construction at the site, and by the mid-1990s had spent $4.6 billion; it gave up its construction permits in 2006. TVA said it would pursue construction permits from the NRC for two modern reactors at...
  • N.C. congressman Shuler, TVA swap land

    08/14/2008 7:42:38 AM PDT · by SmithL · 8 replies · 195+ views
    Knoxville News Sentinel ^ | 8/14/8 | Josh Flory
    U.S. Rep. Heath Shuler, D-N.C., on panel that oversees federal agency - TVA has approved a water-access deal for a development group whose investors include U.S. Rep. Heath Shuler, D-N.C., who sits on a committee that exercises oversight of the federal utility. On June 3, TVA CEO Tom Kilgore approved a transaction that provides 145 feet of water-access rights along the shoreline of Watts Bar Reservoir in Roane County to an entity called The Cove at Blackberry Ridge LLC. In exchange, The Cove agreed to relinquish 150 feet of water-access rights in Rhea County and also provide approximately $15,000 for...
  • 'Playpen politics': Alexander, Corker chide Reid over TVA board

    05/01/2008 1:53:37 PM PDT · by SmithL · 66+ views
    Knoxville News Sentinel ^ | 5/1/8 | Michael Collins
    WASHINGTON - U.S. Sens. Lamar Alexander and Bob Corker today accused Senate Democratic Leader Harry Reid of playing politics by refusing to allow the confirmation of two nominees to the Tennessee Valley Authority's board of directors. Alexander, a Maryville Republican, chided Reid during a speech on the Senate floor for what he called "partisan, playpen politics." Alexander also released a letter from Reid in which he said could not support the nominees - Susan Richardson Williams of Knoxville and Bishop William H. Graves of Memphis - because of "the inadequacy of bipartisan representation" on the board. Reid noted that the...
  • TVA seeks OK for Alabama reactors

    10/30/2007 10:16:13 AM PDT · by SmithL · 15 replies · 98+ views
    WASHINGTON -- The Tennessee Valley Authority is expected to file an application with the Nuclear Regulatory Commission, perhaps as early as today, to build two new nuclear power reactors at a site in Alabama. The TVA, the nation's largest public power provider, plans to build the reactors at the site of the partially completed and then mothballed Bellefonte nuclear power station near Scottsboro, Ala. The TVA, in conjunction with an industry consortium called NuStart, has been working on the proposal for two years. The application will be the second filed with the NRC for new nuclear power plants in just...
  • TVA reactor shut down; cooling water drawn from river too hot

    08/17/2007 3:03:37 AM PDT · by Inge_CAV · 70 replies · 1,779+ views ^ | WAFF
    ATHENS, Ala. -- The Tennessee Valley Authority shut down one of three units at the Browns Ferry nuclear plant on Thursday because water drawn from a river to cool the reactor was too hot, a spokesman said. The nation's largest public utility shut down Unit 2 about 5:42 p.m. CDT because water drawn from the Tennessee River was exceeding a 90-degree average over 24 hours, amid a blistering heat wave across the Southeast. "We don't believe we've ever shut down a nuclear unit because of river temperature," said John Moulton, spokesman for the Knoxville, Tenn.-based utility. __ TVA:
  • TVA Approves Finishing Nuclear Reactor { Watts Bar }

    08/01/2007 9:09:51 AM PDT · by SmithL · 3 replies · 381+ views
    AP via SFGate ^ | 8/1/7 | DUNCAN MANSFIELD, Associated Press Writer
    Knoxville, Tenn. (AP) -- The Tennessee Valley Authority's board of directors voted unanimously Wednesday to begin a five-year plan to finish a second nuclear reactor at the Watt Bar Nuclear Plant on the Tennessee River. The Spring City station, about 50 miles south of Knoxville, was the last new nuclear plant to come on line in the United States when it fired up one of its two planned reactors in 1996. The second reactor was never finished because of cost overruns. The plan to finish it is expected to cost about $2.5 billion, likely funded by the public utility's revenues...
  • Browns Ferry reactor shut down

    05/24/2007 7:31:45 AM PDT · by SmithL · 10 replies · 718+ views
    Knoxville News Sentinel ^ | 5/24/7 | ANDREW EDER
    Operators at the newly restarted Unit 1 at Browns Ferry Nuclear Plant manually shut down the reactor this morning following a leak in the electro-hydraulic control system. While attempting to repair the leak, piping separated and dumped about 600 gallons of fluid onto the turbine building floor, according to an incident report from the Nuclear Regulatory Commission. The report said cleanup of the fluid is in progress and the site is being monitored to contain the spill.
  • TVA restarts Brown's Ferry reactor

    05/22/2007 12:34:39 PM PDT · by SmithL · 23 replies · 912+ views
    Knoxville News Sentinel ^ | 5/22/7 | ANDREW EDER
    Operators at TVA's Browns Ferry Nuclear Plant restarted the Unit 1 reactor early today after a 22-year shutdown. The completion of the five-year, $1.8 billion restoration marks the country's first increase in nuclear generating capacity since TVA's Watts Bar Nuclear Plant came online in 1996. According to TVA, operators began the process of restarting the reactor on Monday and achieved a self-sustaining nuclear reaction at 12:28 a.m. today. Operators will conduct tests on the reactor and other plant systems during the next few weeks before reconnecting the unit to TVA's power grid. When at full power, the reactor will add...
  • Tennessee Valley Authority to Pursue 2 New Reactors

    01/29/2007 9:32:21 PM PST · by MinorityRepublican · 18 replies · 570+ views
    AP ^ | Monday, January 29, 2007
    SPRING CITY, Tenn., Jan. 28 -- The Tennessee Valley Authority will submit applications to build two new nuclear reactors under the government's streamlined licensing process and restart its oldest reactor after a 22-year shutdown at Browns Ferry, TVA officials told the Chattanooga Times Free Press. The public utility also plans to decide by August whether to spend up to $2 billion to complete the unfinished Unit 2 reactor at Watts Bar Nuclear Plant, the newspaper reported Sunday. The total cost could exceed $7 billion for design and construction, officials said. No new nuclear reactors have been ordered in the United...
  • Cap and Sue

    07/12/2006 7:34:14 PM PDT · by Tolerance Sucks Rocks · 3 replies · 500+ views
    Wall Street Journal ^ | July 12, 2006 | Wall Street Journal
    One of the great revolutions in environmental policy has been the adoption of the "cap-and-trade" method for controlling air pollution, starting with the 1990 Clean Air Act. The basic idea is to have the government set overall limits and let the market figure out how most efficiently to achieve the goal. And it has been a major success: Over the past 35 years U.S. energy consumption has increased by 48%, and population by 42%, while emissions of the six most common pollutants have decreased by 53%. Yet that achievement is now threatened by federal, state and private lawsuits asking the...
  • Frist: Dems blocking TVA nominees

    02/17/2006 7:19:51 PM PST · by SmithL · 6 replies · 394+ views
    Knoxville News Sentinel ^ | 2/17/6 | Washington bureau
    WASHINGTON — U.S. Senate Majority Leader Bill Frist announced today that Senate Democrats are blocking final approval of six nominees to the Tennessee Valley Authority board of directors who were nominated by President Bush. Frist, R-Tenn., did not name any Democrat holding up a final floor vote or suggest how long the delay may last. The nominees were approved without objection in a Senate committee Wednesday. "These highly qualified nominees were unanimously approved by the Environment and Public Works Committee and deserve confirmation by the full Senate," Frist said in a written statement. "Their business skills and management expertise provide...
  • TVA property may be new nuke plant site

    09/22/2005 12:55:38 PM PDT · by SmithL · 3 replies · 305+ views
    AP ^ | 9/22/5 | JOSEF HEBERT
    WASHINGTON — Tennessee Valley Authority property in Alabama is one of two potential locations for what could be the first nuclear power plant built in the United States in more than three decades. A consortium of utilities narrowed the potential locations to TVA’s yet unfinished Bellefonte twin reactors near Scottsboro and to a site in Mississippi operated by Entergy near Port Gibson, Miss. The consortium emphasized that no decision had yet been made on whether to seek a license for a new plant from the Nuclear Regulatory Commission. The group is developing an application for advanced approval of the two...
  • TVA Lays Off 106 Employees; 550 Leave

    04/23/2004 6:44:54 PM PDT · by Willie Green · 49 replies · 208+ views
    Yahoo! ^ | Thu Apr 22, 2004 | ELIZABETH A. DAVIS, Associated Press Writer
    For education and discussion only. Not for commercial use. KNOXVILLE, Tenn. - The Tennessee Valley Authority issued layoff notices to 106 employees Thursday and said 550 employees have chosen to leave voluntarily. TVA also said it will eliminate 281 contractor positions in the coming months. The utility offered some voluntary early retirement and buyout packages in February as part of efforts to prepare for industry deregulation by reducing expenses and paying down its more than $25 billion debt. TVA had said it aimed to eliminate 600 to 800 jobs. Not enough employees chose to take voluntary retirement or resignation in...
  • TVA upgrade -- Authority working to increase power

    01/31/2004 2:30:22 PM PST · by Willie Green · 7 replies · 173+ views
    Times Daily ^ | January 31, 2004 | Dennis Sherer
    For education and discussion only. Not for commercial use. There's more electrical power flowing from TVA's dams, and it's not just because it has been raining. The Tennessee Valley Authority is in the midst of a program to increase the amount of electricity produced at its hydroelectric dams by improving the turbines, electrical power generators and control rooms. The original goal of the modernization project that began in 1992 was to boost the electrical power output capacity of TVA's hydroelectric program by 240 megawatts. TVA officials have since revised that goal to 700 megawatts. The project is scheduled to be...
  • TVA Reminds Those Living Near Nuclear Plants, Be Ready, Be Safe

    12/10/2003 8:21:06 PM PST · by Chaos · 6 replies · 134+ views ^ | Dec 10th 2003 10:28pm | Anne Thompson
    TVA Reminds Those Living Near Nuclear Plants, Be Ready, Be Safe Story by Anne Thompson on Wed, Dec 10th 2003 (10:28 PM) TVA officials say 83,000 people live in the ten mile radius around the Sequoyah nuclear plant. And soon, they will be getting a calendar in their mailbox, full of safety tips in the case of a nuclear emergency. More by Anne Thompson Tennessee Valley Authority officials say they are required to send out the safety information, and the calendar is a good way to try and keep it in front of people all year long. TVA spokesperson Carol...
  • LETTERS: Tough Questions for Defenders of the New Deal

    11/06/2003 5:45:48 AM PST · by OESY · 5 replies · 229+ views
    The Wall Street Journal ^ | November 6, 2003 | Jim Powell
    <p>This year marks the 70th anniversary of the launching of Franklin Delano Roosevelt's New Deal, so it's a good time to debate his policies, which have had an immense influence and which remain controversial.</p> <p>1. Why did FDR triple federal taxes during the Great Depression? Federal tax revenues more than tripled, from $1.6 billion in 1933 to $5.3 billion in 1940. Excise taxes, personal income taxes, inheritance taxes, corporate income taxes, holding company taxes and "excess profits" taxes all went up. FDR introduced an undistributed profits tax. Consumers had less money to spend, and employers had less money for growth and jobs.</p>
  • Restarting Reactor Could Boost Nuclear Power Industry

    05/16/2002 9:30:56 PM PDT · by Willie Green · 2 replies · 206+ views
    The Washington Post ^ | Thursday, May 16, 2002 | Dan Morgan
    For education and discussion only. Not for commercial use. TVA Board to Vote on $1.7 Billion Proposal To Switch On Mothballed Unit in Alabama The U.S. nuclear power industry, in a holding pattern for years because of concerns about safety and costs, could get a strong boost today when the Tennessee Valley Authority takes up a $1.7 billion proposal to restart a reactor that has been shut down for 17 years.Klicken ze here to continue reading this article.