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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 This material may not be published, broadcast, rewritten or redistributed.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 68 68 11,188
MORTGAGES 74 74 13,977
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 146 146 24,180
BANKRUPTCIES 77 77 8,509
BUSINESS LICENSES 23 23 3,794
UTILITY CONNECTIONS 137 137 13,594
MARRIAGE LICENSES 35 35 3,066

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