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Acronyms for the State of Tennessee TVA-Tennessee Valley Authority

02/00:  The Comptroller of the Treasury issued a report titled "The Potential Impacts of Electric Industry Restructuring in Tennessee". The report stated that Tennessee should be ready to join the national trend towards electric industry restructuring. The study suggested that the Joint Study Commission continue studying restructuring issues. If Tennessee decided to allow retail competition, then the state should "move slowly in allowing competition, possibly following the examples of Virginia and Pennsylvania in first pursuing pilot projects." Also, "full retail competition was probably the preferable approach," allowing residential consumers to participate.

02/99:  Recommendations for restructuring including any proposed legislation in Tennessee must have been made by February 28, 2001, when the General Assembly Study Commission was scheduled to end.

01/99:  The Tennessee Regulatory Authority released a report on deregulation of the industry. The report identifies 10 issues: rates and prices; stranded costs; reliability; market power; universal service; environmental concerns; taxes; local rate setting; consumer education; and regulatory and legal issues.

06/98:  The General Assembly Study Commission continued their study of restructuring the electric industry into 1999.

05/98:  The Department of Energy advisory committee on TVA issued a final report calling for more regulation controls on TVA if national electric deregulation began. It recommended TVA remain mainly in the "wholesale electric business."

04/98:  TVA's distribution company customers with 10-year contracts can vary the amount of purchased power and TVA would be allowed to recover any stranded costs associated with the lost load. The distribution companies could buy power from competitive wholesale suppliers, and TVA could sell outside its traditional service territory.

02/98:  TVA offered its 159 municipal and cooperative wholesale customers new power-purchase contracts. To date, 86 were interested and 18 signed on. Under the new contracts, distributors could give TVA five years (instead of the current 10) notice of intent to end power-purchase agreements.

06/97:  The General Assembly created a special joint legislative committee to study electricity deregulation. A report was scheduled for October 1998.