Posted on June 13, 2003
WASHINGTON — U.S. Sen. Lamar Alexander (R-Tenn.) today announced a hearing of the Tennessee Valley Authority (TVA) Congressional Caucus in Knoxville on Monday, July 21. Alexander, chairman of the congressional caucus, will chair. "The Tennessee Valley Authority is celebrating its 70th anniversary this year," Alexander said. "TVA has provided sustainable economic development, supplied affordable, reliable power, and managed a thriving river system in the Tennessee Valley for the past seventy years. "At this important milestone in Tennessee Valley Authority's history, it is crucial for Congress to provide strategic oversight on the Future of TVA - where is today and where it should be in five to ten years, its overall financial condition and its debt level, how well it is serving the Valley with affordable and reliable power, and how well it is cleaning the air. The past year in the energy industry has been an extremely tumultuous one. It is important that the TVA Congressional delegation oversee how these changes have affected TVA and its future." Alexander today invited members of the TVA Congressional delegation to participate in the hearing. TVA is America's largest public power company. The Tennessee valley region includes Alabama, Georgia, Kentucky, Mississippi, North Carolina, Tennessee and Virginia. The hearing will be Monday, July 21, 2003 at 10 a.m. (EDT) at the City County Building, Main Assembly Room, 400 Main Street in Knoxville. This "Future of TVA" hearing will include testimony from the TVA Board, key stakeholders and other experts on the future of TVA.