The Memphis Light, Gas and Water Board of Commissioners unanimously rejected a 20-year, rolling power supply contract with the Tennessee Valley Authority.

Memphis Light, Gas & Water's leadership said that a long-term energy contract with TVA is a safer alternative than joining MISO and generating its own power.

Memphis Light, Gas and Water’s hopes to leave the Tennessee Valley Authority for MISO could be dashed on high inflation and interest rates.

Biden-appointed nominees to the TVA board stressed affordable rates and a robust renewable portfolio for the federal utility at their confirmation hearings.

MISO leadership met with staff from Memphis Light, Gas, and Water, who are mulling a split with the Tennessee Valley Authority.

TVA CEO Jeff Lyash hinted during the Atlantic Council’s Innovation and the Future of Energy webinar that the federal utility could cease coal use by 2035.