TVA power production up, revenues down
A colder winter and hotter summer than in previous years, plus increased demand drove electrical sales up, but TVA also faced challenges from loss of power generation because of overheating of the Cumberland and Tennessee rivers and the ongoing cleanup of the Kingston fossil plant coal ash spill.
On the up side, TVA President and CEO Tom Kilgore noted that TVA had adopted a new corporate vision focused on cleaner energy and energy efficiency, had its AAA bond rating confirmed, had a new board in place and had reduced its average monthly wholesale rate for power from 6.8 cents per kilowatt hour in 2009 to 6.17 cents in 2010.
"We had a B-plus year," Kilgore said during a web conference to review the report. "It wasn't an A plus year, but it was a very good year."
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Her opinions on it are known: she campaigned on raising the share of renewable energy, and endorsed the ETA in a recent column.
"The governor will sign the bill as quickly as possible — we're hoping it is enrolled and engrossed and sent to her desk by Friday," spokesperson Tripp Stelnicki said in an email Tuesday afternoon.
Once signed, the legislation will commit the state to achieving zero-carbon electricity from public utilities by 2045. The bill also…
