Area power departments trying to form cooperative
By Holly Hollman
email@example.com · 340-2445
ATHENS — To protect the Tennessee Valley Authority and its distributors from the federal government, area electric departments are trying to form a cooperative.
Athens Electric Department Manager Gary Scroggins told city leaders Monday that TVA owns all transmission and generation assets.
"If the federal government decided to sell off TVA, the assets would go in the treasury and our customers wouldn't see any of that," Scroggins said.
TVA's 158 distributors, including Athens, are creating a Tennessee Valley Public Power Association Generation and Transmission Cooperative that could invest in TVA's assets.
"Say in 10 years, we would own 10 to 20 percent of the generation plants TVA is buying," Scroggins said.
"That would make it harder for the government to sell it off, and it would protect our customers."
He said Athens would have to pay $12,000 in membership fees to join.
"I expect 80 to 90 percent of other distributors to do this," Scroggins said.
The City Council introduced a resolution approving participation and will vote at its June 25 meeting.
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