department of energy

Alexander: Obama administration's TVA proposal is "ill-conceived, reckless"

13h ago

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At yesterday's Senate Appropriations Subcommittee on Energy and Water Development hearing , U.S. Senator Lamar Alexander (R-Tenn.) told the U.S. Department of Energy's top official that the Obama administration's "ill-conceived, reckless" proposal in the president's budget to sell the Tennessee Valley Authority damaged the value of the utility's bonds and failed to account for the impact to ratepayers, taxpayers and nuclear facilities. "Did you know that, as a result of just the random mention of it in the budget, the Tennessee Valley Authority bonds lost a market value of a half-billion dollars?" Alexander asked Acting Secretary of Energy Daniel Poneman. "I think there's somebody with a green eyeshade down there in the Office of Management and Budget who just thinks it's a 'cool' idea to talk about selling the Tennessee Valley Authority. We don't appreciate that approach -- it's an ill-conceived, reckless approach."

department of energy

Alexander: Obama administration's TVA proposal is "ill-conceived, reckless"

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