Submitted by WhitesCreek on January 1, 2009 - 1:03pm.
TVA considered at least eight options to address the leak, according to a Dec. 22, 2003, agency update. Three of the options would have provided a "global fix" to the problem, but high costs were cited as liabilities to pursuing them.
Submitted by RoaneBooster on January 1, 2009 - 1:28pm.
... and I suspect nobody on this blog does, either.
But I do know that TVA - as much money as they have and spend - is not an entity with an unlimited budget. There ARE things, even good things, that TVA can't do because they can't afford it - just like all of us.
What could they have adjusted in their budget to afford this? I don't know. Does anybody here have that info about TVA's budget?
Submitted by randyellis on January 1, 2009 - 3:00pm.
Sept. 27, 2007
HUNTSVILLE, Ala. -- Following the direction of the new strategic plan, the TVA Board today approved a 2008 budget that includes $9.7 billion to cover total expenses and $2 billion in capital spending.
August 20, 2008
With cost pressures stretching its resources, the TVA Board today approved a 2009 budget that includes $12.613 billion to cover operating expenses and $2.088 billion in capital investments.
Submitted by randyellis on January 1, 2009 - 3:04pm.
Oct 31, 2008
Meeting in Nashville, board members approved improving President and CEO Tom Kilgore's compensation from about $2.7 million to $3.27 million, effective with the next fiscal year.
Submitted by Roane-Voter on January 1, 2009 - 3:19pm.
I bet the meeting prior to the decision to give Kilgore the raise involved a vote to take the money budgeted to prevent the coal ash spill and move it to Kilgore's benefit package. wink/wink
Submitted by macmurchadh on January 1, 2009 - 1:45pm.
Can we afford not to have a "global fix"? Whether it is the dikes on the gulf coast or these ash pools or dozens of other public projects, when are we going to err on the side of caution and avoid mult-million/billion dollar costs to clean up and rebuild what could have be avoided in the first place. This infantile denial that it will not happen to me / us, many times in the face of science that we pay big money for and then ignore the recommendations.
And then there are those who say we still need more deregulation. These people do not understand basic human nature. Someone has to be watching the store, and then be in a position to do something about it.
Submitted by randmart on January 1, 2009 - 2:31pm.
TVA is the largest single producer of power in the country.Their revenue in 07 was $9 Billion, they showed a $385 Million (non taxable) profit after paying $48 Million in bonuses. Those numbers alone make it rather obvious what budget numbers could be adjusted for them to "afford" good things like protecting the environment.
They make a total of about $480 Million a year in "tax equivalent" payments to municipalities where they operate. I believe Roane County gets about $1 Million per year from them. That's been a great deal for them...til now.
The reason that these fixes were never done was because TVA sells securities....the fixes would have cost dollars that would have affected their security sales by moving them closer to true non profit status. Many people do not understand that TVA is a hybrid. It is a gov't agency but only sort of.....
The fly ash clean up that they just settled cost them $35 Million for a spill 1/10th the size of this one. After paying the piper here they will most likely have to some serious restructuring.
... and I suspect nobody on this blog does, either.
But I do know that TVA - as much money as they have and spend - is not an entity with an unlimited budget. There ARE things, even good things, that TVA can't do because they can't afford it - just like all of us.
What could they have adjusted in their budget to afford this? I don't know. Does anybody here have that info about TVA's budget?
RB
Sept. 27, 2007
HUNTSVILLE, Ala. -- Following the direction of the new strategic plan, the TVA Board today approved a 2008 budget that includes $9.7 billion to cover total expenses and $2 billion in capital spending.
August 20, 2008
With cost pressures stretching its resources, the TVA Board today approved a 2009 budget that includes $12.613 billion to cover operating expenses and $2.088 billion in capital investments.
Budget Links below
Link...
Link...
That Randy, being the numbers guy he is, would have some info to share with us! WTG!
RB
Oct 31, 2008
Meeting in Nashville, board members approved improving President and CEO Tom Kilgore's compensation from about $2.7 million to $3.27 million, effective with the next fiscal year.
Story Link
Link...
... whan a guy can't get a decent living wage, isn't it? (grin)
I don't believe I'd take his job for $3.27 mil! Talk about a target on your back (and front)!
RB
I bet the meeting prior to the decision to give Kilgore the raise involved a vote to take the money budgeted to prevent the coal ash spill and move it to Kilgore's benefit package. wink/wink
... you're crackin me up LOL
RB
Can we afford not to have a "global fix"? Whether it is the dikes on the gulf coast or these ash pools or dozens of other public projects, when are we going to err on the side of caution and avoid mult-million/billion dollar costs to clean up and rebuild what could have be avoided in the first place. This infantile denial that it will not happen to me / us, many times in the face of science that we pay big money for and then ignore the recommendations.
And then there are those who say we still need more deregulation. These people do not understand basic human nature. Someone has to be watching the store, and then be in a position to do something about it.
TVA is the largest single producer of power in the country.Their revenue in 07 was $9 Billion, they showed a $385 Million (non taxable) profit after paying $48 Million in bonuses. Those numbers alone make it rather obvious what budget numbers could be adjusted for them to "afford" good things like protecting the environment.
They make a total of about $480 Million a year in "tax equivalent" payments to municipalities where they operate. I believe Roane County gets about $1 Million per year from them. That's been a great deal for them...til now.
The reason that these fixes were never done was because TVA sells securities....the fixes would have cost dollars that would have affected their security sales by moving them closer to true non profit status. Many people do not understand that TVA is a hybrid. It is a gov't agency but only sort of.....
The fly ash clean up that they just settled cost them $35 Million for a spill 1/10th the size of this one. After paying the piper here they will most likely have to some serious restructuring.
... that they will have to pay the piper here. I'm sure they will undergo several changes due to this incident. If they didn't it would be a travesty.
RB