TVA, electricity restructuring and general oversight
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TVA, electricity restructuring and general oversight Hearing before the Subcommittee on Water Resources and Environment of the Committee on Transportation ... Congress, first session, September 22, 1999 by United States

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Published by For sale by the Supt. of Docs., Congressional Sales Office, U.S. G.P.O .
Written in English

Book details:

The Physical Object
FormatUnknown Binding
Number of Pages250
ID Numbers
Open LibraryOL10113087M
ISBN 100160646871
ISBN 109780160646874

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The Tennessee Valley Authority (TVA) is a federally owned corporation in the United States created by congressional charter on , to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development to the Tennessee Valley, a region particularly affected by the Great r George W. Norris (R-Nebraska) was a strong sponsor of Headquarters: Knoxville, Tennessee, U.S. tva: electricity restructuring and general oversight (–39) hearing before the subcommittee on water resources and environment of the committee on transportation and infrastructure page 2 prev page top of doc segment 1 of 2 house of representatives one hundred sixth congress first session septem printed for the use of the.   But as the TVA’s electricity prices increased due to higher costs, the Authority experienced lower demand growth. The TVA’s actual electricity . TVA Reopens Most Recreation Areas, Dam Reservation Campgrounds. TVA Launches Initiative to Strengthen Public Power COVID Response. TVA Offers Incentives for Virus-Killing UV Technology. TVA EnergyRight Launches Virtual Home Energy Audits. TVA .

  The TVA, or Tennessee Valley Authority, was established in as one of President Franklin D. Roosevelt’s Depression-era New Deal programs, providing jobs and electricity to the rural.   The Tennessee Valley Authority (TVA), the nation's largest public power provider, is a self-financing, federal electric utility with annual revenues of about $11 billion. TVA has financed large capital investments mostly by issuing debt and is subject to a $30 billion debt ceiling imposed by the TVA Act. TVA is governed by a 9-member Board. 1. Introduction and Overview. Throughout most of the 20 th century, electricity in the U.S. was commonly supplied by vertically integrated regulated utilities controlling the generation (power plants), transmission (high voltage power lines) and distribution (lower voltage lines) of power in well-defined service territories. Through cost of service regulation, state regulators set retail rates. TVA is a federal agency that was founded to electrify Appalachia as part of the New Deal in It generates and transmits electricity to LPCs, all municipally owned utilities and electric cooperatives, under all-requirements contracts. Those contracts prohibit the LPCs from buying electricity from anyone other than TVA.

TVA’s power portfolio is dynamic and adaptable in the face of changing demands and regulations. Our emphasis has moved away from traditional coal-based production and toward cleaner forms of power generation, and today the power we deliver is 54 percent carbon-free. analyzing the Tennessee Valley Authority’s (TVA) year business plan. My testimony is based on our April report, 1 which assesses the plan in depth. Restructuring of the electricity industry has led to wholesale competition, which, combined with other factors, has caused wholesale electricity prices to fall in many parts of the country. By virtue of filing reports with the SEC, TVA is subject to SEC oversight and enforcement actions. TVA is also subject to a great deal of other oversight. For example, TVA's actions are reviewed by an Inspector General appointed by the President, the Office of Management and Budget, the Government Accountability Office, and Committees of Congress.   Beginning in , the Tennessee Valley Authority, the largest government-owned utility in the country, began cutting cutting rates for industrial customers. This wasn’t publicly discussed by TVA except as part of a rate restructuring in TVA hasn’t promoted its rate cuts publicly since then.