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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 This material may not be published, broadcast, rewritten or redistributed.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 116 449 13,289
MORTGAGES 148 608 16,706
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 979 28,729
BANKRUPTCIES 57 329 9,944
BUSINESS LICENSES 23 102 4,357
UTILITY CONNECTIONS 80 432 16,321
MARRIAGE LICENSES 20 97 3,473

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