TVA's new president and CEO Bill Johnson and the TVA board chairman Bill Sansom said today that TVA will cooperate with the Obama administration's call for a review of the federal utility and its debt that is carried in the federal deficit.
Both said they believe TVA is "a good business model" that is not costing taxpayers as the utility is funded totally by rate-payers.
"We'll cooperate and participate and we're glad to see the review. In the meantime, we've got to concentrate on running the place right," Sansom said. "The way the model needs to work is our performance needs to be excellent. We encourage management to keep your eyes on the ball."
Read more in Friday's Chattanooga Times Free Press.