Memphis Light Gas & Water Rejects 20-Year TVA Power Contract

By Local Memphis News:

The Memphis Light Gas & Water (MLGW) board decided to reject the long-term agreement with power supplier TVA. “The deal – if approved – would have included a 3.1% base rate decrease, but a TVA spokesperson said since the deal was rejected, the company is committed to holding rates steady for the next decade, following the past four years of no rate increases.

‘We are just so excited that we broke through on this issue,’ Protect Our Aquifer Executive Director Sarah Houston added. ‘We have been adamant for months that TVA’s never-ending contract is a bad deal for Memphis.’ “

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