MEMPHIS, Tenn. (localmemphis.com) – When it comes down to the decisions made by Memphis Light, Gas and Water, what they’ve started working on is perhaps the biggest decision they will ever have to make.
Don’t take my word for it.
Ask the boss, MLGW Chief Executive Officer J.T. Young.
“It is a huge deal,” he says, “… and it’s going to be leading where we go.”
Your pocket book could be lighter.
Your bills could be smaller.
Or everything could stay the same.
That’s why the utility company formed a Power Supply Advisory Team.
Several studies claim MLGW would save tens of millions of dollars if they got their electric power from someone other than the Tennessee Valley Authority.
“It’s not just about costs,” says board member Bo Mills, the Germantown Public Works Director. “Not always. You want to be the best you can be on costs, but it’s about reliability as well.”
Something else to consider.
Memphis Light Gas and Water is a not-for-profit company.
So is the Tennessee Valley Authority.
If another company comes in to offer cut rate power, their profit might be the most important thing on their minds.
It’s just one reason Young says, “These are long term decisions with ramifications, risks, impacts, etc., beyond just mere dollars.”
For those named to this committee, who thought it would be a great place to get out of your regular job for a few hours and get a free sandwich, this was the day they learned this committee is going to work.
Board members found out quickly the Light, Gas and Water Power Supply Advisory Team facts of life.
Of course, many knew already.
“If we can reduce the costs,” says board member Beverly Robertson of the Greater Memphis Chamber of Commerce, “… more money will be dedicated to other things. The business community is very deeply engaged in this and very concerned about it, and I’m glad we are at the table.”
Any plan that could possibly save tens of millions of dollars has to be studied, all agree to that.
Bank of Bartlett boss Harold Byrd talks about the committee, saying, “I think what we’re going here is going to have such an effect, a galvanizing effect.”
The committee will meet once a month for the rest of the year.
Rate payers are welcome, but they are not allowed to ask questions.
There will be two public meetings later this summer where people will be allowed to say what’s on their minds.