Alexander: Proposal to Sell TVA Transmission Lines “a Looney Idea…With Zero Chance of Becoming Law”

Posted on February 12, 2018

WASHINGTON, February 12, 2018 – U.S. Senator Lamar Alexander today released the following statement on the proposal in the president’s budget to sell the Tennessee Valley Authority’s (TVA) transmission lines:

“This looney idea of selling TVA’s transmission lines seems to keep popping up regardless of who is president. It has zero chance of becoming law. When President Obama proposed this in 2013, all it did was undermine TVA’s credit, raise interest rates on its debt, and threaten to increase electric bills for 9 million Tennessee Valley ratepayers.”