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Press Mention The Chattanooga Times February 16, 1997

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A mountain of debt for TVA

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TVA faces a $27.7 billion debt, the largest of any U.S. electric utility, primarily from failed nuclear power investments over three decades. The agency has capped borrowing and projects its first debt reduction in 36 years, though critics including the Tennessee Valley Energy Reform Coalition warn the debt burden may limit TVA's competitiveness in a deregulated market.

I'm afraid the debt is the weight around the neck of TVA that is going to prevent it from being competitive

Stephen A. Smith

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