Press Mention Times Free Press January 23, 2020
Topical Mention
EPB signs 20-year power contract with TVA
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EPB has signed a new 20-year power purchase agreement with TVA, joining 134 other municipalities and cooperatives in the TVA region. The contract will save EPB approximately $750,000 per month but locks the utility into a long-term relationship with TVA regardless of future market changes.
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EPB signs 20-year power contract with TVA
Chattanooga utility joins 134 other local power companies to get 3.1% rebate in exchange for long-term contract
January 25, 2020
by
Dave Flessner
| Updated January 25, 2020 at 1:34 a.m.
EPB agreed Friday to a new 20-year agreement with the Tennessee Valley Authority which will help save the local utility about $750,000 a month but largely lock the Chattanooga utility to TVA as its power supplier for decades regardless of how the power market may change.
EPB directors voted unanimously to approve the new long-term contract with TVA, bringing to 135 the number of municipalities and power cooperatives across TVA's 7-state region that have signed 20-year purchase agreements with TVA since the new option began last fall.