TVA Board Chair Says Public Utility A 'Good Model' - NewsChannel5.com | Nashville News, Weather & Sports

TVA Board Chair Says Public Utility A 'Good Model'

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COLUMBIA, Tenn. (AP) - The chairman of the Tennessee Valley Authority has expressed confidence in the organization following a proposal in the 2014 Obama budget last week that suggested a possible sale of the public utility.

At a Thursday board meeting, Bill Sansom said the board welcomes a proposed strategic review of the agency and any suggestions for ways to better serve the people in its seven-state region.

Sansom said he believes TVA is a good model and the review will also be good. But he also said some areas need improvement and suggested that making those improvements could help TVA in the upcoming review.

The board also approved creating an advisory council on energy resources. Among other things, the council would advise staff on energy efficiency and renewable energy.

Although TVA does not receive taxpayer appropriations, and taxpayers aren't responsible for the TVA's debt, the utility's expenditure of borrowed funds does count in the federal deficit.

TVA had $24.6 billion in debt as of Dec. 31, 2012, according to the utility.

TVA officials have said they will continue operating normally during a proposed strategic review.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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