Residents Urged To Use Caution As Heavy Rains Bring Flash Flood Warning

TVA Board Acts To Ensure Continued Stakeholder Input To Policies, Direction

Friday, February 16, 2018

The Tennessee Valley Authority board of directors welcomed four new members at its first meeting of the year today at TVA’s Chattanooga Office Complex.

TVA President and CEO Bill Johnson welcomed new directors Kenneth Allen, A.D. Frazier, Skip Thompson and Jeff Smith, noting they were joining TVA at a time of considerable change within the utility industry.

“Even as change occurs and our industry evolves, TVA’s historic mission of service endures,” said Mr. Johnson. “And in 2018, we continue to see improvement in how we deliver on our mission of low-cost, highly reliable energy, responsible environmental stewardship and promoting job growth and investment in the Valley.”

Preceding the meeting, board members and TVA leadership listened to members of the public who shared their opinions and concerns on these and other topics. And to ensure that stakeholders with diverse points-of-view continue to provide input on TVA’s policies and direction, the Board voted during their meeting to re-authorize the Federal Advisory Committee Act charters of two long-standing advisory councils: the Regional Resource Stewardship Council and the Regional Energy Resource Council.

Past recommendations from the FACA council members have influenced TVA’s continued investment in a cleaner, more diverse generation and transmission system, which directly impacted financial performance in the first three months of FY18. Fuel and purchased power costs were down 14 percent, contributing to increased net income even when effective electric rates remain two percent below 2013 levels, and residential and overall rates are lower than those paid by 70 percent Americans served by the top 100 utilities.

“Our continued focus on effectively running our business and managing our debt according to our long-term financial plan is the best way we can ensure that our rates remain among the lowest in the country,” said John Thomas, chief financial officer.

Mr. Johnson noted that the average retail power rate in the Tennessee Valley has moved from 37 to 29 in the U.S. over the last five years, even while investing billions of dollars to modernize facilities and improve environmental quality. The average Valley homeowner pays 16.7 percent less per kilowatt-hour than the national average – more than two full cents per kWh.

Additional Q1 FY18 achievements highlighted to the board include:

  • Reduced operating and maintenance expenses approximately eight percent from Q1 FY17.

  • Supplied 54 percent of the Valley’s energy needs from carbon-free sources.

  • Completed installation of emissions controls at Gallatin and Shawnee Fossil Plants, and retired the Johnsonville Fossil Plant after 66 years of service.

  • Partnered with state and local agencies to draw 20,600 new or retained jobs and $5 billion in capital investment – not counting the recent 4,000 jobs, $1.6 billion Toyota-Mazda announcement at a TVA-certified megasite near Huntsville, Alabama.

During the meeting, the board also acted to:

  • Approve board committee membership.

  • Convey substation-related equipment to one of TVA’s 154 local power company partners.



TN Rand Employees Complete Customized Training

Chattanooga State’s Division of Economic and Workforce Development responded to the request of TN Rand for an employee leadership-training program. Chattanooga State, along with TN Rand, developed a customized training solution that covered topics of Communication; Building Effective Teams; Coaching; Delegation; Morale Motivation and Discipline; Decision Making; Problem Solving; ... (click for more)

Unemployment Remains Near Historic Low Levels In Tennessee

Tennessee’s unemployment rate remained near historic low levels in August, despite a slight increase, according to the latest statistics released on Thursday by Governor Bill Haslam and Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips. The preliminary, seasonally adjusted statewide unemployment rate for August was 3.6 percent, just 0.1 of ... (click for more)

Hamilton County Under Flash Flood Warning As Heavy Rains Continue

Heavy rains throughout Monday brought water over many Hamilton County roads and into some businesses. The front area of the Mapco in the 8100 block of Standifer Gap Road was a small lake. The Sheriff's Office said, "Drivers in the Middle Valley and East Brainerd Road areas are encouraged to avoid driving in low lying areas. All drivers should exercise caution. "Drivers ... (click for more)

Mountain City Club Considering Sale Of Downtown Club To Developer Defoor

Officials of the Mountain City Club are considering sale of the property at Eighth and Chestnut to a developer. Dan Saieed, club president, said the board was approached by developer Byron Defoor with an offer for the property. He said the club is facing declining membership and extreme  financial issues so is considering the offer. The Defoor group developed the nearby ... (click for more)

Why I'm Voting Republican And So Should You

For much of my life, the commitment to the Democratic Party has puzzled me. I was raised to analyze both sides of issues and to make an intelligent decision based upon that information. The values of self-reliance, hard work, and individual liberty that I grew up with were the same American values that have made this country exceptional. As I have grown older, I have witnessed ... (click for more)

Roy Exum: UT’s Genius Stroke

If all goes as (very carefully) planned, the most dynamic president to be hired at the University of Tennessee since the legendary Andy Holt retired in 1970, will be ushered into office today by the university’s board of trustees. The selection of Randy Boyd to take over his ala mater is a genius stroke and certainly seems to solidify two of life’s greatest truths. The first ... (click for more)