The MLGW Board of Commissioners voted today to conclude their nearly four-year evaluation of long-term energy supplier options and continue their relationship with TVA.
This process began with a broad stakeholder Power Supply Advisory Team, followed by an Integrated Resource Plan, which led to the current Request for Proposal phase.
TVA has been respectful and supportive of the process, and we are glad to see it come to a successful resolution. MLGW’s process has been a thorough, disciplined, and unbiased consideration of potential energy suppliers.
MLGW’s decision is a reinforcement of the longstanding relationship with TVA in delivering affordable, reliable, and clean energy to the people and communities across Memphis and Shelby County.
“We are proud of our partnership with MLGW, and we are excited to move forward,” said TVA Executive Vice President and Chief External Relations Officer Jeannette Mills. “We believe the people of Memphis and Shelby County deserve a partner that cares about serving their needs and addressing real issues like energy burden and revitalization of the city’s core communities. Our continued partnership with MLGW provides the best option for making this happen.”
TVA looks forward to working with incoming President and CEO Doug McGowen and building upon our 80+ year partnership as MLGW further considers the long-term option.
In the meantime, TVA will continue making investments and enhancing our presence in the community, as we committed to doing at the start of this process.
“TVA proposed several commitments to further enhance our investment in Memphis and Shelby County,” said Mark Yates, TVA West Region Vice President. We are excited to move forward with those investments and build on our local partnerships now that MLGW’s thorough assessment is concluded. This is a positive step forward for all of Memphis and Shelby County.”
For more information about TVA and its 89-year mission of service to the Tennessee Valley, click here.
Our media staff is available 24 hours a day. If you cannot reach the contact above, please call our media line at 865-632-6000.