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2 | 2 | | <BillNo> <Sponsor> |
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4 | 4 | | HOUSE JOINT RESOLUTION 626 |
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5 | 5 | | By Vital |
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6 | 6 | | |
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7 | 7 | | |
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8 | 8 | | HJR0626 |
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9 | 9 | | 007291 |
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10 | 10 | | - 1 - |
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11 | 11 | | |
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12 | 12 | | A RESOLUTION to urge the appointment of highly qualified |
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13 | 13 | | individuals to the board of directors of the |
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14 | 14 | | Tennessee Valley Authority who understand the |
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15 | 15 | | growing energy needs of Tennessee and the |
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16 | 16 | | importance of reliable, affordable power for the |
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17 | 17 | | State's economic future. |
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18 | 18 | | |
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19 | 19 | | WHEREAS, the Tennessee Valley Authority (TVA) is the largest public power provider in |
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20 | 20 | | the United States, serving 153 local power company partners who then provide energy to more |
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21 | 21 | | than ten million people across seven states, including a substantial majority of Tennessee's |
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22 | 22 | | homes, businesses, industries, and farms; and |
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23 | 23 | | WHEREAS, TVA was created to deliver reliable and affordable electricity, foster |
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24 | 24 | | economic development, and manage the natural resources of the Tennessee Valley, all of |
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25 | 25 | | which remain critical to the region's quality of life and economic competitiveness; and |
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26 | 26 | | WHEREAS, Tennessee and the broader TVA service area are experiencing historic |
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27 | 27 | | levels of growth, placing new demands on energy generation, transmission, and delivery |
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28 | 28 | | infrastructure; and |
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29 | 29 | | WHEREAS, meeting these needs will require sustained investments in new generating |
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30 | 30 | | capacity, a forward-looking and customer-focused energy strategy, and a continued focus on |
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31 | 31 | | reliability and affordability; and |
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32 | 32 | | WHEREAS, the TVA board of directors plays a central role in guiding the direction of the |
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33 | 33 | | Authority by setting policies and priorities related to generation planning, power supply, rates, |
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34 | 34 | | and long-term capital investment; and |
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35 | 35 | | WHEREAS, five current vacancies on the TVA board present a timely and significant |
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36 | 36 | | opportunity to appoint individuals who are well-prepared to meet the moment and lead TVA into |
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37 | 37 | | its next chapter of service; and |
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38 | 38 | | |
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39 | 39 | | |
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40 | 40 | | - 2 - 007291 |
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41 | 41 | | |
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42 | 42 | | WHEREAS, individuals appointed to the board should bring deep experience in the |
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43 | 43 | | electric power industry, sound business judgment, and a clear understanding of TVA's unique |
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44 | 44 | | mission; and |
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45 | 45 | | WHEREAS, TVA's 153 local power company customers—including electric |
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46 | 46 | | cooperatives—are essential to meeting this challenge, working every day to deliver power to the |
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47 | 47 | | homes and businesses that rely on them; and |
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48 | 48 | | WHEREAS, serious consideration should be given to leaders leading electric |
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49 | 49 | | cooperatives or other local power companies who possess real-world knowledge of the region's |
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50 | 50 | | energy needs and a strong commitment to delivering value to the ratepayers they serve; and |
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51 | 51 | | WHEREAS, TVA will benefit from board members who possess firsthand knowledge of |
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52 | 52 | | the daily challenges and responsibilities of delivering power twenty-four hours a day, seven |
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53 | 53 | | days a week, 365 days a year and who understand the critical link between robust power supply |
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54 | 54 | | and economic development throughout the Tennessee Valley; and |
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55 | 55 | | WHEREAS, the governance structure of cooperatively owned generation and |
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56 | 56 | | transmission utilities (G&Ts) serves as a relevant model for TVA, where 100 percent of the |
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57 | 57 | | board members of a G&T are customers of the utility, who are also the only owners, ensuring |
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58 | 58 | | strong customer-focused leadership and accountability; and |
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59 | 59 | | WHEREAS, representation of rural and suburban Tennesseans—who depend on TVA |
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60 | 60 | | for power and opportunity—should be a meaningful factor in the selection of new board |
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61 | 61 | | members, ensuring that the diverse needs of the entire Tennessee Valley are reflected in TVA's |
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62 | 62 | | leadership; now, therefore, |
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63 | 63 | | BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDRED |
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64 | 64 | | FOURTEENTH GENERAL ASSEMBLY OF THE STATE OF TENNESSEE, THE SENATE |
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65 | 65 | | CONCURRING, that we respectfully urge the President of the United States to appoint |
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66 | 66 | | individuals to the Tennessee Valley Authority board of directors who possess proven experience |
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68 | 68 | | |
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69 | 69 | | - 3 - 007291 |
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70 | 70 | | |
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71 | 71 | | in the electric utility industry, infrastructure development, or utility governance, particularly those |
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72 | 72 | | whose experience comes through service at one of the 153 local power company customers; |
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73 | 73 | | understand the energy demands of the Tennessee Valley and the importance of adequate |
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74 | 74 | | generation to meet those needs; are committed to the principles of affordable, reliable power for |
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75 | 75 | | all ratepayers; recognize that robust power supply is essential to economic growth and job |
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76 | 76 | | creation; and bring voices and perspectives from rural and suburban Tennessee and local |
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77 | 77 | | power companies to the board's deliberations. |
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78 | 78 | | BE IT FURTHER RESOLVED, that this General Assembly calls for filling the existing |
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79 | 79 | | vacancies on the TVA board of directors with individuals who will uphold TVA's mission and |
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80 | 80 | | help position the Authority to meet the future with strength and purpose. |
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81 | 81 | | BE IT FURTHER RESOLVED, that certified copies of this resolution be transmitted to |
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82 | 82 | | the President of the United States and each member of Tennessee's congressional delegation. |
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