THE BOARD OF DIRECTORS of Virginia Power elected James A. White to the position of senior vice president, human resources. White previously served as senior vice president, human resources for...
Public Power in a Competitive Electricity Market
pays taxes year after year (em something TVA has not done.
Peter Lynch, the former analyst at Fidelity's Magellan Fund, noted, "There has never been a serious effort to privatize the TVA, but if there was I would be the first in line to get a copy of the prospectus."
William Malec, TVA's former chief financial officer, agrees that the time for privatization has arrived. He says TVA's power generating assets could fetch some $50 billion on the open market. "Selling off TVA is a natural next step," says Malec.
Richard Munson is executive director of the Northeast-Midwest Institute, a nonprofit policy center in Washington, D.C.
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