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Tenn. senator: Sale idea cost TVA $500 million

Senator Lamar Alexander (Lamar Alexander) said that President Obama's plans to consider the sale of the Tennessee Valley Authority has spent millions of dollars - even if the country's largest utilities never sold.
Tennessee Republican, the TVA bonds President announced last month, the loss of value of approximately $ 500 million, mainly because of the uncertainty whether the utility will be sold. Alexander said, served by the TVA seven states customers will likely pay more, resulting in power.
Alexander said Wednesday in a Senate hearing that the Obama administration should discuss sold on the idea privately with the Tennessee Valley Authority officials, rather than raising it open, increase sales in the region against the TVA, most people.
U.S. officials said no decisions have been made.
 
 



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