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Diane Publishing Books
Tennessee Valley Authority: Debt Reduction Efforts & Potential Stranded Costs
Rob Martin. Reviews several issues pertaining to the Tennessee Valley Authority’s (TVA) financial condition. Increasing competition in electricity markets led TVA management to develop a 10-year business plan in 1997 to position TVA to be more competitive. Among the objectives in the plan was reducing TVA’s cost of power, primarily by cutting its $27.4 million debt in half by 2007. This report examines TVA’s (1) progress in reducing debt & recovering the costs of deferred assets, (2) financial condition, including debt & fixed cost ratios, compared to that of other utilities, & (3) potential stranded costs, options for recovering them, & how they are linked to TVA’s debt. Charts & tables.
Country Ribbon Crafts: Delightful Projects Using Easy Techniques
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