Senators Tell Administration To Abandon Plan To Sell Federal Transmission Lines

Thursday, June 21, 2018

Senators Lamar Alexander and Maria Cantwell (D-Wa.) said the administration’s plan, announced on Thursday in a proposal to reorganize federal agencies, to sell the federal electric transmission assets of the Tennessee Valley Authority and the Power Marketing Administrations will increase electric bills for ratepayers.

 

“TVA’s continued success and ability to provide low-cost power is vital to the TVA region’s families and businesses.

This looney idea of selling TVA and TVA’s transmission lines seems to keep popping up regardless of who is president, and each of those proposals have all been soundly rejected by Congress,” Senator Alexander said. “When President Obama proposed selling TVA in 2013, all it did was undermine TVA’s credit, raise interest rates on TVA’s debt and threaten to increase electric bills for 9 million ratepayers. TVA has among the lowest power rates in the country which, along with its reliability, help bring numerous new businesses to the region.”

 

"The Trump Administration's proposal to privatize BPA is a terrible idea. Replacing cheap cost-based power with more expensive ?energy is bad for consumers and bad for business,” Senator Cantwell said. “Our cheap hydro system has been the backbone? of our economy for decades, allowing many industries to flourish because of low electricity rates. This is a bad idea that has been soundly rejected before and will be again?"

 

Senator Bob Corker said, “While TVA has not received any taxpayer funding since 1999 and has taken positive steps in recent years to pay down its debt, I do think it’s valuable to evaluate from time to time reforms that could cause TVA to function more effectively for Tennessee taxpayers and ratepayers,” said Corker. “That said, at the end of the day, I continue to believe that selling TVA’s transmission lines would be harmful to the Tennessee Valley and remains a very unlikely outcome.”

 

On Thursday, the Trump administration released a plan to reorganize federal agencies pursuant to the Comprehensive Plan for Reorganizing the Executive Branch executive order signed by President Trump in March 2017. The plan included a proposal to sell the federal electric transmission assets of the Tennessee Valley Authority and the Power Marketing Administrations.

 

In April, Senator Alexander sent a letter to the president signed by every member of the Tennessee delegation urging the administration to reconsider its budget proposal to sell TVA’s transmissions assets.

 

In March, Senator Cantwell sent a letter to the president opposing his budget proposal to sell the transmission assets of the Bonneville Power Administration and other Power Marketing Administrations and encouraged the administration to work with congress to ensure federal electric transmission and power marketing continue to deliver value to consumers.


Unemployment In Tennessee Continues Near All-Time Historic Low

La Pax Congratulates Local Businesses On Diversity Efforts

Georgia Sets Employment Records In October


Tennessee's jobless rate in October was still near historic lows, despite a slight uptick. October’s seasonally adjusted unemployment rate for October was 3.7 percent, 0.1 of a percentage ... (click for more)

La Paz Chattanooga, in an effort to empower the local Latino community and bridge the gap between the general population and the Latino market, has begun working with local businesses to provide ... (click for more)

Georgia Labor Commissioner Mark Butler said Thursday that the state set records in October for total jobs and employed residents. Commissioner Butler proclaimed October another great month ... (click for more)


Business

Unemployment In Tennessee Continues Near All-Time Historic Low

Tennessee's jobless rate in October was still near historic lows, despite a slight uptick. October’s seasonally adjusted unemployment rate for October was 3.7 percent, 0.1 of a percentage point higher than the previous month. Tennessee’s all-time low unemployment rate was 3.3 percent which the state recorded for five consecutive months between September 2017 and January 2018. ... (click for more)

La Pax Congratulates Local Businesses On Diversity Efforts

La Paz Chattanooga, in an effort to empower the local Latino community and bridge the gap between the general population and the Latino market, has begun working with local businesses to provide marketing resources and diversity training. La Paz Chattanooga has implemented a business development arm, branded as Compañía (Spanish for ‘company’) to offer businesses the opportunity ... (click for more)

Breaking News

Attorneys Ask Lifting Of Home Confinement For Hazelwood After Higher Court Allows Him To Stay Out During Appeal

Attorneys for former Pilot Travel Centers president Mark Hazelwood are asking Judge Curtis Collier for the lifting of his home confinement after the Sixth Circuit Court of Appeals said he could remain out during his appeal. In the alternative, the attorneys ask that he be able to leave his Knoxville home between 10 a.m. and 4 p.m. The motion also requests that Hazelwood be ... (click for more)

State Chooses Not To Proceed With Road Rage Case Against Longtime Talk Show Host Jeff Styles

The state is declining to continue the prosecution of longtime Talk Radio host Jeff Styles in a road rage case. District Attorney Neal Pinkston signed a "no bill" on the aggravated assault charge. Attorney Lee Davis said, " Jeff Styles called 911 after he was shot. He cooperated in the police investigation and testified in court. Jeff has done everything possible to be fully ... (click for more)

Opinion

Ron Littlefield: County Building 2nd Animal Shelter Makes Absolutely No Sense

I do not wish to diminish in any way the excellent work of Humane Society volunteers and staff, but the organization’s ancient physical facilities are another matter entirely. Several years ago Chattanooga suffered a steady stream of withering and well-deserved negative publicity relating to deplorable conditions at the Society’s property near downtown. Some of that bad publicity ... (click for more)

Roy Exum: When Coach Mike Gundy Went Off

Back in late September of 2007, a gutsy Oklahoma State football team had just won a wild 49-46 slugfest against previously unbeaten Texas Tech in Stillwater. In the loser’s locker room, this after OSU’s Zac Peterson drilled a 54-yard TD pass in the waning minute to come from behind, the soon-to-be legend Mike Leach tore his Red Raiders apart. I mean, the man with the lifelong obsession ... (click for more)