Press Mention Chattanooga Times Free Press February 12, 2020
Topical Mention
America's biggest government utility reshapes agreements with local power companies
In this mention
The Tennessee Valley Authority approved new principles allowing its 154 municipal and cooperative distributors to generate or purchase up to 5% of their power from sources other than TVA, marking a significant shift in the utility's 87-year history. This change grants local power companies greater flexibility in their long-term agreements with the federal utility.
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America's biggest government utility reshapes agreements with local power companies
February 14, 2020
by
Dave Flessner
| Updated February 14, 2020 at 4:48 a.m.
For the first time in its 87-year history, the Tennessee Valley Authority may soon grant the local power companies that distribute its power the ability to generate or buy power on their own.
Under a set of principles approved Thursday by TVA directors, the federal utility will grant more flexibility to the 154 municipalities and power cooperatives that buy its power and sign new long-term agreements with the federal utility. TVA will allow its distributors the right to buy or generate up to 5% of their power (or 1 megawatt for small distributors) from sources other than TVA.