Press Mention Times Free Press April 7, 2021
Topical Mention
Memphis to seek power proposals to potentially split with TVA
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The Memphis City Council has approved a plan to solicit energy proposals that could potentially replace the Tennessee Valley Authority as the city's power provider. The move could cost TVA its largest customer and over $1 billion in annual revenues, though proponents argue it could reduce electricity bills for approximately 430,000 customers and provide greener energy options.
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Memphis to seek power proposals to potentially split with TVA
April 8, 2021
by
Dave Flessner
| Updated April 8, 2021 at 10:29 p.m.
Six months after initially rejecting the idea, the Memphis City Council has approved a plan to solicit energy proposals to potentially replace the Tennessee Valley Authority with another power source.
The move could ultimately cost TVA its biggest customer in six years and cut more than $1 billion in annual revenues for America's biggest government utility. But backers of the move claim it could end up cutting electricity bills for nearly 430,000 customers while potentially supplying greener energy in the Memphis area.