The recommendation followed a years-long process of bids offering to supply power to the Memphis area from someone other than TVA.
MEMPHIS, Tennessee — Thursday morning, Memphis, Light, Gas & Water President J.T. Young made a significant update that was months in the making.
He gave the MLGW board his recommendation that the utility continue to get its power from the Tennessee Valley Authority, or TVA.
Young’s recommendation for MLGW to stay with TVA followed a years-long process of bids from outside power suppliers.
In the end, Young said he concluded that TVA’s long term partnership proposal demonstrates the greatest value and and least risk, compared to the other finalist power supplier bids.
Young also told the MLGW board his belief that the TVA gives MLGW flexibility for future solar generation and other local renewable energy options.
The city of Memphis issued the following response after the recommendation was made: “The City is aware that GDS has made its recommendations to MLGW and its board to enter …