Nation’s largest utility in long-term deals to sell power

MEMPHIS, Tenn. (AP) — Tennessee Valley Authority officials say most of the local companies that receive power generated by the utility have signed long-term partnership agreements, but some larger customers still have not agreed to the 20-year deals.
TVA President and CEO Jeff Lyash said during a board meeting Thursday that 85% of the 154 local companies that buy power generated by TVA have agreed to the deals, which carry a 3.1% monthly rebate on wholesale power rates. Lyash said the loca