Press Mention Chattanooga Times Free Press January 1, 2002
SACE Quoted
TVA: Board takes business approach
In this mention
The TVA board, led by new chairman Glenn McCullough, is adopting a business-oriented approach to managing the utility, including a $3 billion write-off of unused nuclear plant investments. Dr. Stephen Smith of the Southern Alliance for Clean Energy praises the board's openness but warns that tougher decisions loom in 2002 regarding Browns Ferry Unit 1 and other power options, arguing TVA should not pursue nuclear expansion given its history of cost overruns.
The Southeast is awash in energy if we use it wisely. TVA has never finished any nuclear program on budget or on time, and there's no reason to believe they can at Browns Ferry.
Stephen A. Smith
Original clipping
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