TVA Board Meets In Memphis

Thursday, May 08, 2014

The Tennessee Valley Authority board of directors conducted its quarterly meeting Thursday in Memphis, where TVA’s largest customer, Memphis Light, Gas & Water, is celebrating 75 years of service.

“TVA takes pride in being a partner with MLGW,” said Bill Johnson, TVA president and CEO. “MLGW is a leader in the Tennessee Valley in encouraging its consumers to make their homes more energy efficient.”

MLGW, the largest of 155 local power companies served by TVA, is partnering with TVA on a home energy efficiency program called eScore. The program can help consumers save money on their power bills and also help TVA avoid the need and related costs for more generating capacity, Mr. Johnson explained.

In addition, MLGW brokered a partnership between TVA and the City of Memphis where TVA takes methane from the city’s wastewater treatment facility and burns it at the Allen Fossil Plant along with coal.

Mr. Johnson said that in the first half of the current fiscal year, TVA’s partnerships with its customers, Valley communities, and states, have helped create and retain 33,000 jobs. This represents a capital investment of $5.2 billion in the Tennessee Valley.

The board recognized outgoing Chairman Bill Sansom for his service to TVA, the board, and the 9 million people of the Tennessee Valley. “Bill has provided steady leadership to guide TVA through changing and challenging times since 2006,” said Joe Ritch, incoming chairman. “He was the first chairman to lead the board after it was restructured by Congress from three full-time directors to a more corporate-like body of nine part-time directors working with TVA’s first chief executive officer.”

Mr. Sansom has served two terms on the TVA board and has been elected chairman three times. During his tenure, Mr. Sansom guided development of TVA’s land policy, approved completion of the Watts Bar Nuclear Unit 2, adopted TVA’s environmental policy, helped set TVA’s strategic direction for cleaner, lower-cost power, championed improved generation fleet health, and led the charge to put TVA on a more sustainable financial path.

“Bill has dedicated a great many hours to his board service,” Mr. Ritch said. “I am honored to be following in his footsteps and will do my utmost to keep the positive momentum Bill started going strong.”

During the meeting, the board approved an extension of the Day & Zimmermann NPS contract for work on TVA’s nuclear fleet for $350 million; heard from Chief Financial Officer John Thomas that net income was up and operations and maintenance costs down for the first six months of the fiscal year; and that Watts Bar Nuclear Unit 2 is on budget and on track to become the nation’s first new nuclear generation of the 21st century in 2015.


New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: UNIQUE & PERSONAL STYLES BY NETTA 4827 HWY 58 STE 111 CHATTANOOGA, TN 37416   SOUNDS REASONABLE PRODUCTIONS 4239 FOREST PLAZA DRIVE HIXSON, TN 37343   IVEYCOOPER SERVICES LLC 2815 BELLE ARBOR AVENUE CHATTANOOGA, TN 37406   IVEYCOOPER SERVICES LLC 2815 BELLE ARBOR ... (click for more)

Supreme Court Reinstates Jury Verdict For Railroad

The Tennessee Supreme Court reinstated a jury verdict denying recovery for a railroad employee who claimed he was injured as the result of a faulty railroad switch. Andrew Spencer sued Norfolk Southern Railway after injuring his back on May 16, 2010, when he threw a switch in an effort to move a section of track.  In order to recover damages, Mr. Spencer was required to ... (click for more)

Greg Beck Asking County Commission Chairmanship; Others Seeking Post Behind The Scenes

Long time County Commissioner Greg Beck is seeking the chairmanship of the Hamilton County Commission, he said. Several other commissioners are working behind the scenes to try to get the top commission post. The job opened up after the unexpected defeat of Commission Chairman Fred Skillern in the August primary election. Larry Henry, who has held the chairmanship several ... (click for more)

1 Dies, 4 Injured In 2-Vehicle Crash At Soddy Daisy

One person has died in a wreck Sunday at Soddy Daisy in which four other people were injured. The wreck happened at 12:35 p.m. when a vehicle traveling north struck another vehicle that was pulling onto the highway. A small red truck was badly damaged in the crash. It happened at 12130 Dayton Pike near Tavern Sports Bar and Grille. One person was airlifted, while the ... (click for more)

Decimating The Chattanooga Public Library

Corinne Hill claims that the library is just undergoing a normal weeding process for eliminating books.  She has bragged that she's responsible for the elimination of over 100,000 books - with more to go. "Normal" weeding is not rampant throwing away.  Yes, books go to the Friends for their sale - where they get $2 for a $75 book and thousands wind up being recycled ... (click for more)

The Many Lessons I Learned From Helen McDonald Exum

Helen McDonald Exum was my friend and mentor. As I think of her passing I can only imagine the celebration that is happening in heaven as the news of her arrival is being told. I am sure that there is a party that not only has she organized but that there is not a detail that has been left to chance. I am sure that it is the grandest of events, for you see, she has been planing ... (click for more)