July 14, 2020
This is what competition looks like, from Utility Dive, July 14, 2020:
TVA offers over $500M in additional incentives to quell talk of Memphis utility departure
“Before Memphis pulls the plug on its current generation contract in pursuit of a projected $120-$200 million annual savings, TVA wants to be sure the community knows the full value it has to offer.
“The federally-owned, six-state corporation posted comments and offered to cut MLGW a deal earlier this month as discussion intensifies about whether the Memphis utility ought to find a new electric provider.”
From the MLGW web site: “Today, Memphis Light, Gas, and Water is the nation’s largest three-service municipal utility, serving more than 429,000 customers. Since 1939, MLGW has met the utility needs of Memphis and Shelby County residents by delivering reliable and affordable electricity, natural gas and water service.”
Thank you, council members and staff, for your service to our community.
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