MLGW CEO J.T. Young takes position with Florida utility
Young leaves MLGW after four years. His departure next month comes at a critical point in the utility’s consideration of leaving the Tennessee Valley Authority.
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Young leaves MLGW after four years. His departure next month comes at a critical point in the utility’s consideration of leaving the Tennessee Valley Authority.
MLGW has failed its fiduciary duties to its ratepayers. The ratepayers deserves a fair RFP. City Council should vote against the TVA contract until all questions are answered, even if it takes a few years.
Several citizens publicly objected to a long-term contract between MLGW and the TVA, saying the utility shouldn’t lock itself into a deal that diminishes its negotiating power in a rapidly changing energy market.
“MLGW’s decision on its future power supply is one of the most consequential single decisions that any community has made in the history of SACE’s work throughout the Southeast region over the past three decades,” said the executive director of the Southern Alliance for Clean Energy.
Lyash cited stability, discounted base rates and flexibility for utilities to build out carbon-free generation as the biggest draws for a long-term contract, but its terms are nonnegotiable.
The recommendation Thursday, Sept. 1, from MLGW CEO and President J.T. Young will likely not be the last word on the issue.
The Tennessee director of the Southern Environmental Law Center said TVA’s proposed agreement make it difficult to change energy providers, and it’s unlikely that MLGW would undergo another evaluation process similar to the current one if it signs a long-term deal. Related stories: MLGW leaders recommend staying with TVA for greatest value, least risk Suburban mayors back MLGW recommendation, still want representation
With Memphis Light, Gas & Water Division now leaning toward staying the TVA as its power supplier, suburban leaders’ focus shifts to representation on the utility’s board.
TVA’s long-term contract proposal offers a 3% reduction in MLGW’s current base rate but also includes a 20-year termination notice compared to the current five-year notice. The City of Memphis has responded to the recommendation. Suburban mayors back MLGW recommendation, still want representationRelated story:
Less than 24 hours before MLGW management makes a recommendation for the utility’s next power supplier, the TVA refuted claims that it leaned on another electricity provider during some of the hottest days of the year. Related story:
At Thursday’s meeting, MLGW management will recommend whether they think the utility should continue with TVA or go with a different power provider. Related story:
Another round of suburbs add their input Tuesday, Aug. 30, on the potential MLGW-TVA split.
Half of Shelby County’s suburbs passed a resolution seeking a voice in decisions regarding Memphis Light, Gas and Water Division.
A resolution has been drafted that will encourage Memphis Light, Gas & Water Division to remain with Tennessee Valley Authority for reliability and to avoid high infrastructure costs.
On a deferred payment plan, customers must pay at least 25% of their total outstanding balance — or whatever percentage brings their outstanding balance below $2,000.
The Downtown, Whitehaven, Lamar and Millington offices will return to their previous capacity, but the Summer Avenue location’s lobby will remain closed as MLGW scouts a new office space.
If MLGW opts to enter into a contract with a new electric supplier, the board will make a recommendation to the council, at which point Tabors Caramanis Rudkevich would step in. Related story:
An MLGW program allows some customers to make their homes more energy efficient — for free — but there’s a waiting list to get on the waiting list.
Isn’t it time for MLGW to expand their board representation to include the entire service area instead of restricting voting membership to Memphis?
He is the 37th employee of MLGW to die on the job since 1941.
The body’s chairwoman issued a separate request for proposals — and other council members said they were oblivious to the request.
All 77,330 of the city’s high-pressure sodium streetlights will be replaced with LED lighting in a project that includes an automated management system that notifies MLGW when the lights are out.
The utility received a great that will help it upgrade its infrastructure to be part of a network of 32 fast charging units on interstates and major highways.
“Chances are good that TVA will eventually come around to reasonable conditions that benefit both themselves and the Memphis area.”
Memphis is experiencing the hottest summer on record so far, and last month was the second hottest July in the city’s history.