The Glasgow Electric Plant Board will keep the Tennessee Valley Authority as its power supplier.
EPB directors voted unanimously on the decision, in a meeting this morning, Tuesday, Jan. 9, 2007. As a result, the EPB has retracted a notice, canceling its contract for power purchases with TVA.
EPB notified TVA in 2003, it would shop around for a better deal but disappointments in EPB’s search for a cheaper, more flexible supplier of wholesale electric power, led them back to TVA.
This morning’s decision was forced to a head by TVA’s recent announcement to charge the EPB very large “re-integration fees,” if the utility did not agree to retract its cancellation notice by tomorrow, Wednesday, Jan. 10, 2007.
TVA estimated these fees at more than $22 million. The EPB felt the risk of facing these fees, was just too large.
In a similar situation, Warren Rural Electric recently made the same decision to keep TVA as its power supplier.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.