The tab for a toxin-laden ash flood at a coal-fired power plant in Tennessee could reach hundreds of millions of dollars, and ratepayers for the nation's largest public utility will probably be stuck with the bill.Don't even think about demanding anything else. They have a CEO to pay.
The total cost of cleaning up last month's accident isn't yet clear, but the bill will be staggering. Extra workers, overtime, heavy machinery, housing and supplies for families chased from their homes and lawsuits are among the costs that are piling up.
And with few other places for the Tennessee Valley Authority to turn to cover the costs, the utility's 9 million customers in Tennessee and six surrounding states will bear the brunt in higher electricity rate hikes in the future, TVA Chairman Bill Sansom told The Associated Press on Wednesday.
And just remember this next June when Metro budget discussions roll around and we start hearing about the necessity to raise revenues to pay for other utilities; like Metro Water's stormwater run-off infrastructure. Once TVA is through forcing us to pay for their mistakes (Nashville "imports" electricity from TVA), where are we going to locate and how will we muster the will to take care of our other aging utilities? TVA's lack of diligence is going to trickle down and probably crush lots of worthwhile and pressing initiatives that we might have been willing to brook. Thanks again, TVA, for nothing.
UPDATE: Tennessean picks up the story.