Sign in

    Amy Kelly

    Research Analyst at Sierra Club

    Amy Kelly's questions to Texas Ventures Acquisition III (TVA) leadership

    Amy Kelly's questions to Texas Ventures Acquisition III (TVA) leadership • Q4 2022

    Question

    Amy Kelly of the Sierra Club questioned how the Inflation Reduction Act (IRA) has impacted TVA's strategic planning, asking if it will accelerate coal plant retirements, such as at the Cumberland Fossil Plant, and increase planned renewable energy capacity.

    Answer

    President and CEO Jeff Lyash explained that while the IRA will help lower costs for customers, it does not materially change TVA's already aggressive carbon reduction and renewable energy plans. He noted that the primary constraint on adding more solar is the availability of materials and panels, not intent, and that TVA will utilize the IRA's benefits to the maximum extent possible once implementing rules are finalized, without compromising system reliability.

    Ask Fintool Equity Research AI

    Amy Kelly's questions to Tennessee Valley Authority (TVE) leadership

    Amy Kelly's questions to Tennessee Valley Authority (TVE) leadership • Q3 2022

    Question

    Amy Kelly of the Sierra Club questioned TVA's plan to build 5,000 megawatts of new natural gas plants, citing rising customer rates due to fuel cost adjustments and calls from Nashville and the EPA to prioritize renewable energy to save money and reduce emissions.

    Answer

    President and CEO Jeff Lyash clarified that rate increases are due to the fuel cost adjustment mechanism driven by global commodity prices, not investments in the gas fleet. He stated that TVA's diverse generation portfolio provides some of the lowest fuel costs in the industry. Lyash defended the gas plant modernization as a necessary bridge to eliminate coal by 2035 and to ensure system reliability and resiliency while integrating over 10,000 megawatts of solar.

    Ask Fintool Equity Research AI