NASHVILLE — The Tennessee Valley Authority is placing a moratorium on a popular program that pays homeowners and businesses that generate electricity from solar energy.
The Tennessean reports about $31 million has been spent or committed of the $50 million originally allocated to the Generation Partners program. And the agency has more than $100 million in applications pending.
TVA has promoted the program as evidence of its commitment to nonpolluting energy sources, but on Wednesday officials announced the moratorium in a meeting with a group of distributors that administer the program.
“We were shocked,” Nashville Electric Service’s Jim Purcell said. “We just signed a brand-new agreement in April that we thought positioned us for years.”
TVA Senior Project Manager Susan Curtis said the moratorium is temporary while TVA works with distributors to revamp the program.