POWER BROKER
As Franklin Haney tells it, his trouble started when President Donald Trump passed him a business tip. It came on an otherwise delightful night last spring as they dined at adjacent tables in Florida’s exclusive Mar-a-Lago resort.
Topic: MLGW
RSSThere are 521 article(s) tagged MLGW:
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February 2019
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Vote on MLGW rate hike mixes with talk of TVA split
Memphis City Council members will try again Tuesday to make a final decision on Memphis Light, Gas and Water Division's rate hikes in an atmosphere that has come to also include questions about the future of the utility’s 80-year relationship with the Tennessee Valley Authority.
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Council delays action on MLGW rate hikes as utility takes case to the public
Memphis city council members again delayed approval of Memphis Light, Gas and Water rate increases Tuesday, instead urging the utility to make its case to the public for an infrastructure overhaul before the council tries again later this month.
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Council weighs MLGW rate hikes, reviews rules for vacancies
Memphis City Council members are expected to vote Tuesday on a set of gas, electric and water rate hikes that would raise the average residential utility bill 10.5 percent over a five-year period with no rate hike until January 2020.
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MLGW to take closer look at alternative electricity providers
Memphis Light Gas and Water Division president and CEO J.T. Young said the utility will move ahead with a more detailed “integrated resources plan,” following Friday's presentation of the results of a study conducted by GDS Associates Inc.
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MLGW to get report on alternatives to TVA electricity
The MLGW board gets its first look at a report on possibly buying electricity from someone other than TVA at a special meeting Friday.
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January 2019
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Council greenlights Union Row garage financing, hears new MLGW rate hike plan
The city council approves $50 million in financing for a Union Row garage with Bird Box analogies during the debate. The council also heard a new plan Tuesday for an MLGW multi-year rate hike that would delay the increase for this calendar year.
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City Council delves deeper into proposed MLGW rate hike options
After rejecting an MLGW rate hike proposal in December, Memphis City Council members review three alternative options Tuesday toward infrastructure upgrades for the gas, electric and water sectors of the utility.
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Bellefonte backers say MLGW rate hikes ‘fork in the road’ for TVA switch
The CEO of Nuclear Development LLC said Memphis is at a crossroads for a potential shift away from TVA as the city's electrical power supplier with recent rate hikes proposed by MLGW. The coming city council decision on the rate hikes could intersect with the push by Nuclear Development.
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Outgoing TVA president touts authority’s role in Memphis economic development
Retiring TVA president Bill Johnson told a Memphis group Tuesday that the federal power provider is the best value for MLGW, its largest customer, beyond the electricity the utility buys from TVA.
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Council ponders fine print of sports betting bills
Memphis City Council members back the general plan for sports betting on Beale Street, but they want to see what kind of split of revenue is proposed when it comes down to a specific bill in Nashville.
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MLGW tries again on rejected rate hikes
The first Memphis City Council meeting of the new year could see a second look and some revisions to proposed rate hikes from MLGW the council rejected at year's end.
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December 2018
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City Council votes down MLGW rate hikes, approves Union Row TIF
Memphis City Council members have rejected gas, water and electric rate hikes proposed by Memphis Light, Gas and Water Division. On three separate 3-7 votes Tuesday, the council voted down the rate hikes to take effect in 2019 and again in 2021 across all three divisions of the publicly owned utility. -
Business diversity gains touted by airport
Memphis-Shelby County Airport Authority spent $16.5 million or 30 percent on contracts with disadvantaged, minority and women owned businesses in fiscal 2018, up 3 percent from a year earlier. -
TVA says Bellefonte purchase misses closing date
Tennessee Valley Authority officials have called off the sale of the Bellefonte Plant in northeastern Alabama at Friday’s deadline for Nuclear Development LLC to close on the purchase. TVA officials confirmed they called off the sale of the mothballed electricity-producing plant because Nuclear Development, owned by Chattanooga developer Franklin Haney, did not have the necessary approval from the federal Nuclear Regulatory Commission to transfer construction permits.
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November 2018
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Bellefonte backers make MLGW switch to MISO a priority
The development company with a plan to supply Memphis Light, Gas and Water Division with electrical power from the Bellefonte Nuclear Plant has put that plan on the back burner. -
Council session features Fullilove exit, head of TVA, South Cordova de-annexation
The Memphis City Council will be down two members when it meets Tuesday in an Election Day session. -
U of M gets $5M to study ‘breaches’ in Memphis aquifer
The University of Memphis’ Center for Applied Earth Science and Engineering Research has been awarded a five-year, $5 million contract to conduct extensive research on the water quality of the Memphis aquifer.
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October 2018
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City Council to consider Overton Square hotel back-up plan
Plans for a hotel at Overton Square would include some acreage for stacked townhomes or apartment buildings if the Memphis City Council approves an amended version of the hotel plan on Tuesday. -
Bellefonte plan swims in political currents
Memphis City Council members never got a chance to see the video made by backers of a move to make a renewed Bellefonte Nuclear Plant the major supplier of electrical power to Memphis Light, Gas and Water Division. -
Bellefonte-powered MLGW pitch generates doubts, questions
The former chief operating officer of the Tennessee Valley Authority wants Memphis Light Gas and Water Division to drop TVA as its electrical power supplier in five years.
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