TVA Says Expenses, Debt Reduced

Thursday, May 10, 2018

TVA officials reported Thursday, "The improved performance of all of TVA’s generation and transmission assets has allowed a further reduction in its operating expenses over the first two quarters of the fiscal year. Interest costs also remained lower than budget and favorable cash flows reduced debt. Combined with high power sales driven by the colder weather this winter, these factors resulted in an improved net income.

TVA Chief Financial Officer John Thomas said, “Our positive financial performance is directly related to improved operational performance, which helps us maintain rates as low as feasible.

“Our effective wholesale rate remains 2 percent less than it was in 2013 and our retail rates are lower than about 75 percent of the U.S.”

Additional Q2 FY18 achievements include:

  • Reduced TVA’s overall carbon emissions by nearly 50 percent from 2005 levels, on track for a 60 percent reduction by 2020.

  • Retired the Allen Fossil Plant near Memphis after 58 years of service while essentially completing the Allen Combined Cycle gas generating facility, which entered commercial operation on April 30.

  • Completed an extended power uprate on Browns Ferry Unit 3 that will contribute an extra 155 megawatts of carbon-free energy. Similar uprates on units 1 and 2 will be completed next spring.

  • Minimized the flooding impact of record-setting February rains, which dropped nearly 12 inches of rainfall in some areas

President and CEO Bill Johnson said, “Fifty-five years ago, President John F. Kennedy stood not far from where the board is meeting today and prophesied that the work of TVA will never be done and there would always be new places for us to go. He challenged us to ensure that the letters T-V-A would stand for progress, and we take that charge seriously.

“TVA’s performance during the first six months of the fiscal year is evidence of how we are still delivering value to those we serve. We will continue to evolve to meet their needs and support the region’s progress for the next 85 years and beyond.”

The TVA Board approved natural gas agreements that officials said "will help ensure a continued flow of the low-cost fuel to power Valley homes and businesses."


Local Veteran Brings TruBlue To Chattanooga

New Hamilton County Businesses

Dalton Food City Set to Open On Wednesday


Local veteran and entrepreneur Brian Winton is launching his new house care business, TruBlue of Chattanooga. TruBlue is a full-service company that provides handyman, house cleaning, emergency ... (click for more)

Here are the new business licenses from the County Clerk's office: ANOINTED INSPIRATION WORD DAPHNE WILLIAMS 3 INSPIRATIONAL LIFE COACH RETAIL SALES 1075 GREENWOOD RD CHATTANOOGA TN 37414 ... (click for more)

Shelves are stocked in preparation for the opening of the new Dalton Food City on Wednesday. The 48,600+ square foot supermarket is on West Walnut Avenue and will serve as the area’s second ... (click for more)


Business

Local Veteran Brings TruBlue To Chattanooga

Local veteran and entrepreneur Brian Winton is launching his new house care business, TruBlue of Chattanooga. TruBlue is a full-service company that provides handyman, house cleaning, emergency repairs, yard/lawn care and seasonal services for busy families, seniors and anyone who want the comforts of their own home without worrying about critical property maintenance. TruBlue ... (click for more)

New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: ANOINTED INSPIRATION WORD DAPHNE WILLIAMS 3 INSPIRATIONAL LIFE COACH RETAIL SALES 1075 GREENWOOD RD CHATTANOOGA TN 37414 ASHLEY'S TAN AND BOUTIQUE ASHLEY SULLIVAN 3 SPRAY TAN AND BOUTIQUE CLOTHING 1635 STARBOARD DR HIXSON TN 37343 BARKS AND BUBBLES AMY L JOLLAY 3 DOG GROOMING 9131 DALLAS BAY RD SODDY ... (click for more)

Breaking News

Angry City Council Wants Answers On Incident Caught On Video Of Man Being Beaten By City Police Officer; Asks DA For Independent Probe

Angry City Council members said they want answers on an incident caught on camera of a Chattanooga Police officer shown beating a man after a traffic stop. The council on Tuesday night voted to ask District Attorney Neal Pinkston to carry out an independent investigation of the incident from last March. Councilman Russell Gilbert said, "I want to see a change in our ... (click for more)

"Financial Predator" Gets 43-Year Prison Sentence In Dalton

Superior Court Judge Cindy Morris on Tuesday sentenced Cara Ann Williams (also known as Kaesarea Williams) to serve a total of 43 years without the possibility of parole on 16 total counts including aggravated identity fraud, forgery, financial transaction card theft and false statements. The sentence will run concurrent with a five-year no parole sentenced ordered by Judge ... (click for more)

Opinion

Fake News Strikes Again And Again

Two major stories exploded across the headlines this past week which confirm my opinion that the mainstream media (MSM) is biased, incompetent, and can seldom be trusted to impart the news fairly and accurately. The first instance was the BuzzFeed story regarding Michael Cohen and how he allegedly lied on President Trump's behalf to Congress. Virtually all of the big media outlets ... (click for more)

Roy Exum: Walmart vs 535 Morons

There is an anonymous paper on the Internet that tells how Walmart could do a better job running America instead of the pompous flops and duds we send to Washington. Please try to connect the dots on Walmart’s 1.6 million employees and the obscene profits that they make versus our 535 members of Congress who blow through money while “WallyWorld” churns out an average of $20-thousand ... (click for more)