published Thursday, May 30th, 2013

TVA chief says the agency's model is working

Is TVA doing a good job?

OAK RIDGE, Tenn. — The Tennessee Valley Authority has helped recruit $25 billion of new investment through its economic development programs in the past five years while protecting billions of dollars of property through its flood control facilities, TVA President Bill Johnson said today.

“What we’re doing is working,” Johnson said today during the Tennessee Valley Corridor Summit. “We like to say that for 80 years we’ve kept the lights glowing, the river flowing and the jobs growing.”

TVA’s multi-purpose, public ownership has been challenged by Obama administration budget planners, who proposed a strategic review of TVA to see if selling the agency might help lower the federal debt and “put the nation on a more sustainable” fiscal path.

U.S. Sens. Lamar Alexander and Bob Corker, both Tennessee Republicans, each dismissed chances of Congress approving any sale or transfer of TVA from its federal ownership. But in a speech to several hundreds business and government leaders, Johnson still emphasized the role TVA plays in energy, jobs, recreation and environmental quality.

Johnson thanked the Tennessee Valley congressional delegation for standing behind TVA.

“We’ve had fairly steadfast support form the delegation and our commitment is to keep giving you reasons to support it,” Johnson said.

Sen. Lamar Alexander speaks about TVA sale, Chickamauga Lock
During a news conference, U.S. Sen. Lamar Alexander, R-Tenn., spoke about the potential sale of TVA, as well as the Senate's passing of a bill that would fund construction on the Chickamauga Lock and Tennessee's current stance on gay marriage laws. Sen. Alexander made the comments before speaking at the Better Business Bureau of Greater Chattanooga's annual Torch Awards ceremony at The Chattanoogan hotel.
about Dave Flessner...

Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...

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