There are 9 article(s) tagged $450 Million for Memphis:
"$450 Million for Memphis" wants Memphis Light, Gas and Water Division to end its ties with TVA and start the move with a specific look at how much it would cost to sign on with the MISO network, the best known competitor for the city-owned utility that is TVA's biggest customer.
Two leaders of the civic group backing an end to TVA ties say on "Behind The Headlines" that they want to hear more about how much it would cost MLGW to go with another electric power supplier without having to generate its own power as well.
"Behind the Headlines" host Eric Barnes and The Daily Memphian’s Bill Dries talk to Karl Schledwitz and Jim Gilliland of the group $450 Million for Memphis about the proposed plan for MLGW to break away from the Tennessee Valley Authority.
Memphis is not in a weak position regarding our electricity choices, and $450M for Memphis believes that a city should never sign a $20 billion contract without at least one competitive bid that addresses all costs, terms and options.
The civic group calling for MLGW to cut ties with TVA says TVA's estimate this week of hundreds of millions of dollars in expenses in the switch is wrong. And it says the draft report's recommendation of local power generation by MLGW is wrong too.
The group “$450 Million For Memphis” says the bids from rival power suppliers should be redone to include proposals that are outside the basic requirements set up by MLGW management.
The leaders of the group “$450M For Memphis” talk on Behind The Headlines about their problems with the ongoing RFP process and why they are phasing out the group.
“The nationally-recognized firm Enervision, is expected to submit its analysis to City Hall before year-end, a potential game-changer that MLGW will not acknowledge.”
“The mayor’s report not only had different conclusions than those that were reported, but they elaborated on specific factors in which MLGW’s actions when it issued an RFP were inadequate and unprofessional.”
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