Opinion: TVA’s proposal is terrible for Memphis and Shelby County

By Jim Gilliand · Daily Memphian

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Guest columnist Jim Gilliland Jr. argues that MLGW has failed its fiduciary duties to ratepayers by not conducting a fair competitive bidding process for power supply. He calls for City Council to reject the TVA contract until all questions are answered. The article includes a sidebar quote from SACE's executive director characterizing the MLGW power supply decision as one of the most consequential decisions in SACE's three-decade history in the Southeast.

MLGW's decision on its future power supply is one of the most consequential single decisions that any community has made in the history of SACE's work throughout the Southeast region over the past three decades
SACE

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Jim Gilliland Jr.

Jim Gilliland Jr. has worked 22 years in the project finance and public finance sectors in the municipal bond market and has focused on electric utilities and independent power producers. He is currently in municipal bond investment management at Diversified Trust Co. He is a member of $450 Million for Memphis, which advocates an open bid process for the city's power supply.

MLGW has failed its fiduciary duties to its ratepayers. The ratepayers deserves a fair RFP. City Council should vote against the TVA contract until all questions are answered, even if it takes a few years.