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."
Related News
Advanced Reactors Will Stand On The Shoulders Of Giants
WASHINGTON - Advanced reactors will break the mold of what we think nuclear energy can accomplish: some will be smaller, some will use different kinds of fuel and others will do more than just make electricity. This new technology may seem like uncharted waters, but when operators, technicians and other workers start up the first reactors of the new generation, they will bring with them years of nuclear experience to run machines that have been optimized with lessons from the current fleet.
While advanced reactors are often portrayed as the future of nuclear energy, its our current plants that have paved…
