TVA has outlived it's usefulness (if it ever was useful anyway)

Oh no Earnest Goes To Camp got to Pacman!

Earnest?

quote:

Lavish salaries, bonuses, and perks for directors while raising rates.

The directors are compensated at much lower amounts than "privatized" power companies. This is the reason bonuses SEEM lavish. Tom Kilgore makes about 45% of what a CEO in the private market does and two-thirds of his earnings are performance based. TVA would not be able to compete for competent directors if they can't pay a decent amount. Rising rates are due to changes in various cost and are still very much below national averages and are expected to go down in the near future.

TVA has it's problems, not the least of which being the last bunch of directors Bush appointed.
Before Runyon, who was Ronald Reagan's hatchet man sent to "privatize TVA" as Reagan had promised to do, directors and high level managers were picked on crony ism, not the best thing for us or TVA.
On the other hand, if TVA were to be dismantled, the chaos to our electricity based economy here in this valley would be devastating. NOt only that, but what would happen to the agriculture not only in this country, but in a lot of the rest of the world where TVA helps. Who would do research on wast water filtration, and who would clean up old military instillations?

Here we go again, disband TVA and make it private, you have no ideal what the utilities bills will look like then, even though I don't agree with the $500,000 CEO pay raise, I don't beleive it is our best interest to disband TVA, wrong ideal. My goodness, what are they teaching some people in college these days, pacman.

TVA is a Depression Era left-over. Why does the rest of America have to subsidize this region's power? We would not like it if we were being taxed to subsidize, say, New York and Massachusetts and New Hampshire power. Also, TVA has restrictive land-use policies that hinder economic development actually. Constitutionally, what in the world gives them this control. They have eminent domain, as if they are a sovereign state or country. That is way out of whack, especially in this day and age. TVA has been in this region for decades and we are still behind in real growth and development and population. How then is it such a boon? I argue that it is precisely that mind-set that holds us back, rather than progresses us. The opportunity cost outweighs the supposed benefits by far. That is is you can look at it from a different perspective and outlook.

quote:

Originally posted by pacman5:
TVA is a Depression Era left-over. Why does the rest of America have to subsidize this region's power? We would not like it if we were being taxed to subsidize, say, New York and Massachusetts and New Hampshire power. Also, TVA has restrictive land-use policies that hinder economic development actually. Constitutionally, what in the world gives them this control. They have eminent domain, as if they are a sovereign state or country. That is way out of whack, especially in this day and age. TVA has been in this region for decades and we are still behind in real growth and development and population. How then is it such a boon? I argue that it is precisely that mind-set that holds us back, rather than progresses us. The opportunity cost outweighs the supposed benefits by far. That is is you can look at it from a different perspective and outlook.

You are obviously ignorant. I will attempt to enlighten you. Please pay attention .

TVA does not now, nor did it ever take appropriated money to subsidize it's power program. Maybe in the early days some tax payer dollars paid for some of the transmission lines going to Oak Ridge, and Wilson Dam was ceeded to TVA, but the power program is and always been self funding.
TVA no longer gets any appropriated money, but it did at one time. The appropriated money was used to improve the life of people in the nation as a whole. That money was used to develop chemical fertilizer (about 75% of all the fertilizer used in the world has TVA patents on it), and improved farming methods. By law, appropriated funds could not be used for power, and power funds could not be used to supplement the fertilizer or chemical research part.

Now you are properly informed. Please do not try to continue spreading that lie again like Elmer.

quote:

Originally posted by pacman5:
TVA is a Depression Era left-over. Why does the rest of America have to subsidize this region's power? We would not like it if we were being taxed to subsidize, say, New York and Massachusetts and New Hampshire power. Also, TVA has restrictive land-use policies that hinder economic development actually. Constitutionally, what in the world gives them this control. They have eminent domain, as if they are a sovereign state or country. That is way out of whack, especially in this day and age. TVA has been in this region for decades and we are still behind in real growth and development and population. How then is it such a boon? I argue that it is precisely that mind-set that holds us back, rather than progresses us. The opportunity cost outweighs the supposed benefits by far. That is is you can look at it from a different perspective and outlook.

You say that TVA is what holds us back, please lists some of the benefits that this area would receive if TVA was disbanded.

There is a lot "fertilizer" coming from TVA alright. So many people are at the teet that it is entrenched. The defensiveness is telling. It shows how dubious it really is.

Also, TVA is why Bass Pro did not come to Florence. Their restrictive policies ixnayed it. What on Earth gives them that right?

Ridiculous.

Pac - it is you who has taken a defensive posture when exposed to the facts. Now you ramble on to another TVA myth.

Unfortunately, there are many people who believe, as you do, that TVA is subsidized by tax dollars. Excelman spoke truthfully when responding to you.

I also remember many environmental groups protesting the development of certain TVA properties with no one opposing them. When TVA recieves comments on land use and 99% are against the proposed use, it appears that TVA was listening to the people. Besides, the land can be used for industrial development, which is something we need a lot more than commercial.

As for the "teet" comment. TVA employees do the exact same work that private power workers do, only for less money. I personally know craftsmen of private power companies who recieve bonuses equal to 30% of their gross income. That equates to a $25,000 bonus. If TVA were privatized, then all it's workers would actually be getting a pretty significant raise in income, at the expense of the rate payer of course.

I am very interested in knowing where you live now. Seems like all the TVA bashers on this forum live outside the TVA grid.

I really doubt that Tom Kilgore gets a bonus for his performance. He gets a bonus for the performance of the real workers.

TVA is a farce.