Corker: TVA's Plans Must Continue to Focus on Low-Cost, Competitive Rates for Tennesseans

Press Release

U.S. Senator Bob Corker (R-Tenn.) today joined Senator Lamar Alexander (R-Tenn.) in hosting a roundtable discussion in Knoxville on the Tennessee Valley Authority's (TVA) long-term plan to meet future electricity demand while consistently offering low-cost, competitive power rates capable of driving economic development and job growth in the Tennessee Valley.

"Nothing is more important to me than Tennesseans' standard of living and our state's ability to attract high-quality jobs, and TVA's ability to carry out its mission of providing low-cost, reliable power directly impacts that," said Corker. "Our discussion today focused on ensuring TVA is operating in the best interest of ratepayers and hardworking Tennesseans and is not swayed by outside influence to over-invest in power sources like wind and solar that do not make sense in Tennessee."

Corker joined Senator Alexander in questioning panel participants, which included Bill Johnson, president and CEO of the Tennessee Valley Authority (TVA); Wayne Henson, chairman of the Board of Directors of the Tennessee Valley Public Power Association (TVPPA); and Lloyd Webb, Director of Energy Procurement at Olin Chlor Alkali and representative of the Tennessee Valley Industrial Committee (TVIC).

In March, TVA released its draft 2015 Integrated Resource Plan, which evaluates options to meet future demand for electricity over the next 20 years. A final version of the plan will be presented to the TVA board of directors later this summer.

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