TVA ratepayers may be stuck with ash cleanup bill

Please read article, cited after the quote. Articles open in a new window.

KNOXVILLE, Tenn. (AP) — The tab for a toxin-laden ash flood at a coal-fired power plant in Tennessee could reach hundreds of millions of dollars, and ratepayers for the nation’s largest public utility will probably be stuck with the bill.

The total cost of cleaning up last month’s accident isn’t yet clear, but the bill will be staggering. Extra workers, overtime, heavy machinery, housing and supplies for families chased from their homes and lawsuits are among the costs that are piling up.

And with few other places for the Tennessee Valley Authority to turn to cover the costs, the utility’s 9 million customers in Tennessee and six surrounding states will bear the brunt in higher electricity rate hikes in the future, TVA Chairman Bill Sansom told The Associated Press on Wednesday

http://www.google.com/hostednews/ap/article/ALeqM5hCuUPH4bNcOtq-0PajMZoG1IbExwD95IJU6O1

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: