May 16, 2013 10:35:45 AM
WASHINGTON -- Sen. Lamar Alexander says President Barack Obama's plan to consider selling the Tennessee Valley Authority has already cost hundreds of millions of dollars -- even if the nation's largest public utility is never sold.
The Tennessee Republican said TVA bonds lost about $500 million in value after the president's announcement last month, largely because of uncertainty over whether the utility would be sold. Alexander said customers in the seven states served by the TVA will likely pay more for electricity as a result.
Alexander said at a Senate hearing Wednesday that the Obama administration should have discussed the sale idea privately with TVA officials instead of raising it publicly, adding that most people in the region oppose selling the TVA.
1. Man shot on 7th Avenue Tuesday afternoon COLUMBUS & LOWNDES COUNTY
2. City, store owner clash after Tuesday shooting COLUMBUS & LOWNDES COUNTY
3. Mayor seeks moratorium at Princess COLUMBUS & LOWNDES COUNTY
4. Lawyers, adviser crafting RFP for Oktibbeha's hospital STARKVILLE & OKTIBBEHA COUNTY
5. CPD makes arrest in Princess Theater shooting case COLUMBUS & LOWNDES COUNTY