Lawsuit challenges TVA-steel mill power agreement

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Four Alabama steelworkers have filed suit against TVA, claiming the agency provided Trico Steel's Decatur plant with $330 million in economic incentives and cheap utility rates constituting 'corporate welfare.' Stephen A. Smith, executive director of the Tennessee Valley Energy Reform Coalition, is quoted criticizing TVA's practice of granting sweetheart power deals to industries at the expense of residential ratepayers. The suit seeks to void the TVA-Trico contract and establish that TVA rates do not meet power pricing requirements under the TVA Act.