"The board also voted to cut Kilgore's pay package in half this year, suspending about $1 million in performance bonuses for him as well as bonuses for some two-dozen executives who report to him. Merit raises for managers and other incentives for TVA's workforce of 11,000 also will be suspended"
PERFORMANCE BONUSES? What the hell for?
Related: Tennessee Geiger Counter Clicking Over Coal Spill
The more I learn about the true history of Roosevelt's tenure, the more sickened I am at the state-school lies and cultural dogma surrounding that Pearl Harbor traitor.
"Cleaning Tenn. spill could cost $825m; Lawsuits, fines also possible" by Duncan Mansfield, Associated Press | February 15, 2009
KNOXVILLE, Tenn. - It could cost as much as $825 million to clean up a river and a rural neighborhood after a massive spill of coal ash sludge from a
President and CEO Tom Kilgore told the TVA board of directors last week that the nation's largest public utility had already spent $31 million on the work from December through the end of January.
Since it is the company you know the figure is a low-ball.
It was the first board meeting since 1.1 billion gallons of coal ash sludge broke out of a containment pond on Dec. 22, flooding homes and pouring into a river inlet near the Kingston Fossil Plant, about 40 miles west of Knoxville. No one was hurt, but 300 acres were covered with as much as 9 feet of grayish muck.
The disaster brought national attention to coal ash containment ponds, which are at more than 150 plants in 32 states, and the need for greater federal regulation. Kilgore disclosed for the first time the estimated cost of cleaning up the spill was between $525 million and $825 million, depending upon "a number of things we don't know yet." Kilgore said those unknowns included the number of times the coal waste will have to be moved and how fast dredging the Emory River can be done.
Kilgore's estimate does not include potential costs from several class-action lawsuits that have been filed on residents' behalf or possible environmental fines. To cover the costs, the utility will look at what is covered by insurance and then consider options, such as tapping a fund set aside for closing ash ponds, borrowing money, or long-term bond financing. All would be "with the idea to minimize the impact on rates," said TVA director Dennis Bottorff.
What a lying sack of sh.... everyone knows COSTS ALWAYS gets PASSED on to RATEPAYERS!
Last fall the TVA board approved a 20 percent electric rate increase, the largest in nearly two decades, though it has since dialed back that increase because of falling fuel prices.
(The government's bald-faced lie astonishes even this jaded old soul.)
Another reduction announced last week, taking effect April 1, will bring the total increase to 5 percent for the year. The average monthly bill for a typical residential customer in the TVA region that covers Tennessee, Mississippi, Alabama, Kentucky, Georgia, North Carolina, and Virginia is $96.
Like, what, they are getting it cheap?
The estimate for cleanup came as the TVA reported a net loss of $305 million on $3 billion in revenue in the first quarter ending Dec. 31, compared with an $8 million profit for the same period a year ago. The agency attributed the losses to the Kingston cleanup. Yeah, I'm really feeling sorry for the TVA.
Hey, shit MSM, ever think of GOING DOWN THERE and DOING a STORY on the GROUND about the people who LOST their PROPERTY and LIVES!?
The board also voted to cut Kilgore's pay package in half this year, suspending about $1 million in performance bonuses for him as well as bonuses for some two-dozen executives who report to him. Merit raises for managers and other incentives for TVA's workforce of 11,000 also will be suspended.
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