Alexander Hits Obama Idea For Selling TVA

Wednesday, April 10, 2013
Senator Lamar Alexander on Wednesday was critical of President Obama’s plan to have the federal government consider selling the Tennessee Valley Authority.

“This is one more bad idea in a budget full of bad ideas,” Senator Alexander said. “There is today no federal taxpayer subsidy for TVA, period. There is by law no federal taxpayer liability for TVA debt. And after deducting its debt, selling TVA would probably cost taxpayers money.

 

“Finally, there is no assurance that selling TVA to a profit-making entity would reduce electric bills in the Tennessee Valley – which should be the overriding objective – and it could lead to higher electricity rates. While TVA management prefers a flexible debt cap, it has assured me that it can live within the current debt limit if necessary.”


Latest Hamilton County Jail Booking Report

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Gonsalves Earns First Double-A Win in 5-3 Victory Against Jackson

Left-handed pitcher Stephen Gonsalves only allowed two runs on six hits while striking out six batters in five innings to earn his first ever Double-A win. The Lookouts 5-3 win was there second of the second half and improves their overall record to 38-35. For the last six weeks or more, many have been wondering when Gonsalves would be promoted to Double-A. Tonight, he made ... (click for more)

Prep Football Jamboree is Aug 12-13 at Finley Stadium

Highlighted by a match-up of state semifinalists in Baylor and Notre Dame, the 57th annual Prep Football Jamboree is set for Aug. 12-13 at Finley Stadium with five games each night. Baylor (10-3) reached the D-II AA semis before losing to eventual state champ Brentwood Academy, while Notre Dame (10-4) reached the D-I 3A semis before losing to eventual state champion Alcoa. ... (click for more)