Archive for category: Member

Good afternoon. My name is Mike Knotts, and I serve as the CEO of the Tennessee Electric Cooperative Association. I appear here today on behalf of TECA’s 25 member power companies who collectively serve consumers in six of the seven states TVA calls home. We are still searching for that one farmhouse across the border in Alabama to make it 7 for 7!

TECA’s members own and operate over $6 billion in assets, and their wholesale power bills comprise over 25% of TVA revenues. Cooperatives are private sector entities focused making life better for our members and the rural and suburban communities where they live work and play. At the last listening session, I encouraged you to consider that the cooperative business model, specifically the 62 generation and transmission cooperatives across America, were the only benchmark that aligns with BOTH TVA’s operations AND mission. But the 49 distribution electric cooperatives you call customers have a lot to offer you as well. 

Today, I would like to offer you some reassurance about a major initiative TVA is currently engaged in. 

I understand that you will hear an update during tomorrow’s board meeting on the progress of TVA’s Integrated Resource Plan. This is a tremendously important endeavor, and I can understand how important its successful completion is to all of you. I am serving as a member of the IRP Working Group and have been involved in the process since the beginning.  

Let me assure you, the process is working and it is working well.  

TVA is to be commended for putting a diverse group of stakeholders in the room and listening to their input. Far from entering the process with foregone conclusions – we have painstakingly considered scenario after scenario, strategy after strategy, consulted with industry experts, challenged your planners, pondered the future of the global economy, invited thought leaders to share their vision of the future and debated with your economists. This has taken a significant investment of time and energy from the members of the working group.  

The end result will be a framework to help this board – and future boards – make sound decisions. It will not tie your hands but serve as light to guide your way

A colleague of mine recently asked me to explain what we were doing. After a long dissertation full of technical jargon, I could see that his eyes were glazing over, so I explained the IRP was a lot like the weather forecast. The weatherman doesn’t make the sun shine or bring the clouds and the rain, and he doesn’t always get it right. That doesn’t stop us from checking to see if we need an umbrella before we leave home or if we will need shorts or sweaters tomorrow.  

Please know that I believe the TVA staff, the working group and all of the external experts involved in the IRP are producing a useful tool. I look forward to its completion and your adoption of its use. 

On behalf of TECA and our member cooperatives, we remain ready to work with you to ensure that TVA’s strategic direction remains focused on what is best for the people we jointly serve.  They deserve nothing less. Thank you. 

Good afternoon. My name is Trent Scott, and I serve as Vice President of Communications for the Tennessee Electric Cooperative Association. TECA represents 25 consumer-owned electric co-ops that deliver power to 3 million homes and businesses.

In 1965 my father – Norman Scott – went to work for Southwest Tennessee Electric Membership Corporation, a TVA-served co-op in west Tennessee. He began his career as a groundman and worked his way up, retiring in 2004 as a district manager.

As a child, I remember sitting at my father’s desk following a storm. He would use Post-it Notes to keep track of power outages. These notes didn’t have GPS coordinates or addresses – just a name. He knew where each and every person lived, which substation breaker they were on and how the reports from the crews impacted them.

Today, this same task is performed by outage management software that aggregates data in real-time to pinpoint the location of damage to the grid.

We no longer live in a Post-it Note world.

Ours is an industry that evolves at a rapid pace.

Increasingly, critical areas of our economy, from education to healthcare, commerce to communication, even transportation, depend on reliable and affordable electric energy.

And while much has changed, a lot remains the same. Electric co-ops and TVA share a commitment to innovation, service, and boldly investing in our communities.

In 1983 my dad received this – a commemorative Coke bottle celebrating TVA’s 50th Anniversary. It reads “50th Anniversary, TVA, 1933–1983, Shaping Tomorrow Today.”

Much to the chagrin of my mother, this lived in my parent’s china cabinet. There in the dining room, next to grandma’s silver, was this TVA Coke bottle. My dad loved this industry and the opportunity it provided him to serve his community.

This year, TVA celebrates its 90th anniversary, and the slogan “Shaping Tomorrow Today” printed on this now 40-year-old bottle of Coke, could not be more profound.

The decisions we make today have lasting impacts.

There are great opportunities facing the Tennessee Valley, but with those come very real challenges.

As this board works to solve those challenges, let me encourage you to view co-ops as partners.

Tennessee’s electric co-ops provide TVA with well over $3 billion of revenue each year, but our partnership can represent much more. We can be a source of capacity as well. Whether it be energy efficiency and demand response programs or added flexibility to develop our own generation, electric co-ops are ready to work alongside TVA to solve the Valley’s energy needs.

We value our partnership, we share your commitments, and we’ve been here since the beginning. We want to help you “Shape Tomorrow Today.”

Thank you