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VOL. 128 | NO. 71 | Thursday, April 11, 2013

Obama Budget Talks Sale of Largest Public Utility

AP

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NASHVILLE (AP) – The Obama administration's 2014 budget is calling for a strategic review of the Tennessee Valley Authority, opening the possibility that the largest U.S. public utility could be sold.

TVA officials seem to have been caught off guard by the budget proposal released Wednesday. Board chairman Bill Sansom says the utility doesn't know what options the review will consider. Sansom promised the board will "continue operating TVA in a sound financial manner" in the meantime.

Although TVA does not receive taxpayer appropriations, the utility's expenditure of borrowed funds does count in the federal deficit.

Republican Sen. Lamar Alexander called the possible sale a bad idea.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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