Press Mention Chattanooga Times Free Press June 22, 2020
Topical Mention
TVA claims Memphis power rates would go up 20% if MLGW leaves TVA fold
In this mention
TVA released an analysis disputing claims that Memphis Light Gas & Water could reduce costs by leaving TVA and building its own solar and gas-fired generation. TVA President Jeff Lyash argued that a draft integrated resource plan underestimated the risks and costs of such a transition, claiming Memphis customers would face power bill increases exceeding 20% if the city's municipal utility split from TVA.
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TVA claims Memphis power rates would go up 20% if MLGW leaves TVA fold
June 23, 2020
by
Dave Flessner
| Updated June 24, 2020 at 11:07 a.m.
Memphis electricity customers are likely to see their power bills rise by more than 20% if the city's municipal utility splits from the Tennessee Valley Authority, according to an analysis released Tuesday by TVA.
TVA disputed studies suggesting that Memphis Light Gas & Water could cut its energy costs by buildings its own solar and gas-fired generation and replacing TVA's wholesale power supply with electricity purchases through a power consortium. TVA President Jeff Lyash said that the draft integrated resource plan suggesting that MLGW could cut costs if it split with TVA underestimated the risks and costs of building new generation and transmission required to make such a change.