TVA Watch Over, TVA Exchange Begins

Apr 18, 2001, 01:00 ET from TVA Exchange

    WASHINGTON, April 18 /PRNewswire/ -- Leaders of TVA Watch, a coalition of
 private sector energy companies concerned about the role of TVA in a changing
 electric power market, today announced the coalition has adopted a new name,
 TVA Exchange.
     "TVA Exchange reflects a new direction for our coalition," said Bill
 Coley, President of Duke Power and Chairman of TVA Exchange.  "We formed our
 coalition in 1997 in response to TVA's encroachments into surrounding utility
 territories in violation of federal law.
     "While maintaining the integrity of our respective service territories
 remains a top priority, we also have found ourselves responding to concerns
 about TVA's $26 billion debt and the fact that a growing number of TVA's
 wholesale customers now want new power supply options in addition to TVA,"
 Coley said.  "This has caused us to adopt a more proactive mission and,
 therefore, a new name for our coalition."
     TVA Exchange believes the best way to deal with these challenges is to
 advocate policies that support market-based wholesale competition both inside
 and outside the Valley with TVA operating under the same rules as other energy
 providers with which it seeks to compete.  TVA Exchange supports giving TVA
 distributors a stronger role in planning and obtaining additional energy
 options needed to serve their retail customers.
     In addition, TVA Exchange shares concerns expressed by many about TVA's
 $26 billion debt and will seek to work with TVA and other stakeholders to
 craft practical policy solutions for that problem.
     "We see a need to share our insights and expertise gained from crafting
 the right policies that are helping our own companies succeed in a changing
 market," said Carolyn Shanks, President of Entergy Mississippi and a member of
 the TVA Exchange Executive Committee.
     "Dealing with these challenges successfully requires an honest exchange of
 information, ideas and good will," Shanks said.  "We've already had some
 meaningful exchanges with many stakeholders and look forward to working
 proactively with everyone concerned about the future of TVA in a changing
 market."
 
     TVA Exchange members include Duke Energy Corporation, Entergy Corporation,
 LG&E Energy Corporation and SCANA Corporation.
 
     CONTACT:  John Howes, 202-434-8918, or Mary Cartwright, 865-579-1386, both
 of the TVA Exchange.
 
 

SOURCE TVA Exchange
    WASHINGTON, April 18 /PRNewswire/ -- Leaders of TVA Watch, a coalition of
 private sector energy companies concerned about the role of TVA in a changing
 electric power market, today announced the coalition has adopted a new name,
 TVA Exchange.
     "TVA Exchange reflects a new direction for our coalition," said Bill
 Coley, President of Duke Power and Chairman of TVA Exchange.  "We formed our
 coalition in 1997 in response to TVA's encroachments into surrounding utility
 territories in violation of federal law.
     "While maintaining the integrity of our respective service territories
 remains a top priority, we also have found ourselves responding to concerns
 about TVA's $26 billion debt and the fact that a growing number of TVA's
 wholesale customers now want new power supply options in addition to TVA,"
 Coley said.  "This has caused us to adopt a more proactive mission and,
 therefore, a new name for our coalition."
     TVA Exchange believes the best way to deal with these challenges is to
 advocate policies that support market-based wholesale competition both inside
 and outside the Valley with TVA operating under the same rules as other energy
 providers with which it seeks to compete.  TVA Exchange supports giving TVA
 distributors a stronger role in planning and obtaining additional energy
 options needed to serve their retail customers.
     In addition, TVA Exchange shares concerns expressed by many about TVA's
 $26 billion debt and will seek to work with TVA and other stakeholders to
 craft practical policy solutions for that problem.
     "We see a need to share our insights and expertise gained from crafting
 the right policies that are helping our own companies succeed in a changing
 market," said Carolyn Shanks, President of Entergy Mississippi and a member of
 the TVA Exchange Executive Committee.
     "Dealing with these challenges successfully requires an honest exchange of
 information, ideas and good will," Shanks said.  "We've already had some
 meaningful exchanges with many stakeholders and look forward to working
 proactively with everyone concerned about the future of TVA in a changing
 market."
 
     TVA Exchange members include Duke Energy Corporation, Entergy Corporation,
 LG&E Energy Corporation and SCANA Corporation.
 
     CONTACT:  John Howes, 202-434-8918, or Mary Cartwright, 865-579-1386, both
 of the TVA Exchange.
 
 SOURCE  TVA Exchange