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Press Mention Metro Pulse September 3, 2003

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TVA at a Crossroads

In this mention

A comprehensive analysis of TVA's financial and operational challenges as it approaches its 70th anniversary, including massive debt from failed nuclear expansion, rising interest costs, and controversial rate restructuring. Stephen Smith, executive director of the Southern Alliance for Clean Energy, criticizes TVA's debt-reduction progress, noting the agency is over $5 billion behind its 1997 promise to halve debt in 10 years. The article examines competing pressures on TVA including air quality compliance, nuclear plant restart costs, and proposed board restructuring.

Six years later we are over $5 billion behind schedule

Stephen A. Smith

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