EPB, Large Power Users Not Faring Well Under TVA Demand Charge

Friday, May 16, 2014

EPB officials said power distributors and high-volume industrial users are not faring well under a TVA switch to a power demand charge.

When TVA put in the charge, it was said to be designed to reduce peak power demand and find alternatives to building more expensive power plants. It was also said to be revenue neutral for TVA.

However, EPB board members were told Friday that under the change for the current fiscal year TVA has benefited by about $7 million that would ordinarily be in the EPB budget.

It was also noted that EPB has been hit by a cycle of expensive storms. 

Harold DePriest, EPB president, said EPB is ending the budget year with just about a $1 million gain overall. He said were it not for all the profit the TV, phone and Internet side has brought, "We would be $20 million in the hole right now."  

He said other distributors without all the fiber optic income are in worse shape.

Mr. DePriest said the distributors are making an appeal to TVA over the issue, and he said TVA officials are aware of the problem. But he said it takes time for any such changes to be effected. 

He said the demand charge is also increasing costs for high-volume power users like Signal Mountain Cement.

Greg Eaves, chief financial officer, said FEMA will provide some reimbursement for a recent storm. But he said such payments usually take at least a year.

EPB expects a check in the mail "any day" from FEMA in connection with the 2011 tornadoes.

The EPB board was also told that no rate increase is projected for the upcoming budget year.

Former Owner Of Chattanooga Low Income Housing Firm Gets 33 Month In Federal Prison

The former owner of a low income housing firm in Chattanooga was sentenced on Thursday to serve 33 months in federal prison after pleading guilty to fraud charges. Matthew John Crupi, who raised $5 million for the Urban Investment and Development (UID) firm, appeared before Judge Curtis Collier. He has until Jan. 11 to report to prison on the wire fraud conviction. Prosecutors ... (click for more)

Ferguson Given 15 Years As "Armed Career Criminal"

A Chattanooga man with a lengthy burglary record was sentenced on Thursday to serve 15 years in federal prison. Judge Curtis Collier set the sentence after finding Shannon Ferguson to be an Armed Career Criminal. Prosecutor Michael Porter said Ferguson has five convictions for aggravated burglary and three for burglary. County detectives looking to serve warrants on Ferguson ... (click for more)

Erlanger Settlement Understandable, But Disgusting

Re: Erlanger Reaches Settlement With Former CEO Understandable from a legal liability standpoint but disgusting non the less. Gus Bryan (click for more)

Roy Exum: An Unfortunate Sentence

There was a most unfortunate line in a recent email written to me and, in retrospect, I should not have included it in some examples of the huge response regarding the bicycle lanes now being installed on Broad Street. I’ll admit I misread the line because I feel certain I know what the writer was trying to convey. As a matter of fact, I received enough of an outcry I want to clarify ... (click for more)

Biro, Matthews Power Ooltewah To District 5-3A Volleyball Title

(Story has been updated with start time for Monday's Region 3-3A matches) CLEVELAND, Tenn. – Ooltewah grabbed the momentum. Unexpectedly lost it and then magically regained it at exactly the right time Wednesday in the District 5-3A volleyball tournament at Cleveland Middle School. Senior Alex Biro, named to the all-tournament team and most valuable player after the match, ... (click for more)

Vols Go Back To Basics In Hopes Of Slowing Bulldogs

  With Saturday's SEC showdown against Georgia now just three days away, Tennessee head football coach Butch Jones   and a select group of players spoke to the media early Wednesday afternoon: (Opening Statement) "To kind of give you an injury update on Wednesday, and a lot of this obviously will change by Saturday, but Stephen Griffin   did practice. ... (click for more)