Press Mention Commercial Appeal June 9, 2022
SACE Quoted
Three questions and 5 takeaways about the potential Memphis, Light, Gas and Water-TVA split
In this mention
Memphis Commercial Appeal reports on consultant findings regarding Memphis Light, Gas and Water's potential departure from TVA. The analysis shows far fewer savings than anticipated—tens of millions annually rather than hundreds of millions—with transmission line costs significantly higher than expected. Stephen Smith of SACE offers a mixed critique of the presentation, noting it emphasized risks over benefits.
I wouldn't say it was out of the ballpark biased in one direction. I think it was heavily skewed towards emphasizing the risk over really talking about what the benefits are. And I would I heard more of the sort of negative exposure, the downside than I had heard about the upside. We need to go in and dig in and see if that's legit or not.
Stephen A. Smith
Original clipping
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