Sen. Alexander says that wind power is expensive. However, his information is outdated. With its considerable wind energy resources, Oklahoma had the lowest electricity prices in the country last year. Tennessee ranked #28. Analysis by Leidos Electrical shows that Plains and Eastern Clean Line project could more than likely reduce electric rates in the Tennessee Valley, and beyond. In November 2016, Lazard Associates published their annual Levelized Cost of Energy analysis showing that the lowest cost wind power resources reach $14/MWh (1.4 cents per kilowatt hour, kWh). A new report from Moody’s Investor Services reports wind power prices for $15/MWh (1.5 cents per kWh). In 2015, Georgia Power received wind power proposals with pricing of $15.77/MWh (1.577 cents per kWh). As an already-operating wind project, the Balko Wind project in western Oklahoma sold wind power to the Public Service Company of Oklahoma for $15.80/MWh (1.58 cents per kWh). HVDC transmission charges may add an additional 2 cents per kWh. Additionally, TVA can earn revenue by using their existing transmission system to “wheel” low-cost wind power to power-hungry neighbors.
For the first time in its 83-year old history, the Tennessee Valley Authority (TVA) has an African-American woman leading its Board of Directors. It is also the first time someone from Memphis, which is home to TVA’s largest customer Memphis Light, Gas and Water (MLGW), has held the Board chair. V. Lynn Evans was named as the new TVA Board Chair after the former TVA Board Chair, Joe Ritch, ended his term on January 3, 2017. In these polarizing times, we celebrate the fact that one of our largest utilities in the Southeast has appointed a qualified leader like Ms. Evans – and broken with history by appointing a woman to Board chair for the first time. As one local Memphis publication put it – Ms. Evans is “a ‘first’ on three fronts.”
The project is estimated to cost a mere 3 cents per kilowatt-hour. That’s comparable to the price of operating a modern natural gas power plant, making wind not only cost-effective but a guaranteed low-cost electricity source for decades in the future. Because there is no fuel cost associated with wind energy, utilities can secure long-term contracts (approximately 20-25 years) and lock in prices that protect their customers from price spikes due to volatility in fossil fuel costs. TVA could also receive additional benefits by acting as a pass-through transmission provider for other utilities purchasing wind energy, and earn additional revenue. For the TVA system, the project is estimated to actually reduce overall costs by about $1.44 per megawatt hour.
At Tuesday afternoon’s Memphis City Council meeting, the Council unanimously approved a resolution that strongly recommends changing Memphis Light Gas and Water’s (MLGW) current Share the Pennies program to an “automatically enrolled” format. This small program design change, which SACE has been advocating for since Spring 2016, will help generate significantly more funding for Project Care, MLGW’s low-income home weatherization initiative – potentially generating around $1.5 million dollars per year! Additionally, the Tennessee Valley Authority (TVA), MLGW’s wholesale power provider, has agreed to purchase any energy savings realized by the “new” Share the Pennies program, providing another valuable source of funding for a program.
2017 is shaping up to be an important year for coal ash in the Southeast. Here are the three critical stories to watch.
Utilities in the southeast are already starting to “close” toxic coal ash pits. We calculated how much coal ash will be excavated and how much will be left in mostly unlined pits.
While the Tennessee Valley Authority (TVA) has been retiring old coal plants or investing in expensive pollution controls to keep other coal plants operational, it has primarily focused on replacing any lost generation capacity with its preferred version of “clean energy” – nuclear and natural gas. However, TVA is moving further into the renewable energy [...]
The time to contract for low cost wind power is now. The largest renewable energy project in the making is a proposed power line that will bring huge amounts of cheap, wind energy to the South, but electric companies must act quickly.
Imagine a world where your local power company calls you and tells you they’ve identified a potential problem with your home that is causing you to have unnecessarily high utility bills.
Imagine a representative of your local power company showing up at your front door to investigate the problem.
Imagine finding out from your power company that you have a problem with your heating and cooling system and that they are going to help fix it.
Imagine getting a lower utility bill.
Sound too good to be true? Well, the Southeast is home to a utility that is already doing this – and providing low cost internet and television service to their customers. Chattanooga Electric Power Board (EPB) is setting a new standard of service for local power companies and SACE staff recently got a peek behind the scenes to learn more about how EPB is paving the way towards a more service oriented utility.
Glasgow Electric Power Board (EPB), one of the Tennessee Valley Authority‘s member utilities, has established a reputation of being a thoughtful and forward-looking company. For nearly two decades, Glasgow EPB has been a leader in the deployment of smart grid technologies and practices. For example, in 2007, Glasgow EPB began installing fiber-based broadband to all [...]