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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 This material may not be published, broadcast, rewritten or redistributed.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 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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