Article Comment 

Tenn. senator: Sale idea cost TVA $500 million

 

The Associated Press

 

 

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.

 

 

 

printer friendly version | back to top

 

 

 

Most Viewed News Stories

 

1. Lowndes Narcotics Unit searching for 10 suspects COLUMBUS & LOWNDES COUNTY

2. The accidental entrepreneurs STARKVILLE & OKTIBBEHA COUNTY

3. Dak Prescott acquitted of DUI, speeding STARKVILLE & OKTIBBEHA COUNTY

4. Two arrested in Motel 6 robbery COLUMBUS & LOWNDES COUNTY

5. Starkville man arrested for statutory rape COLUMBUS & LOWNDES COUNTY

 

More popular content      Suggest a story

 

 

Follow Us:

Follow Us on Facebook

Follow Us on Twitter

Follow Us via Email