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TVARS Recommends $350 Million

On July 14, the TVARS board voted to recommend that TVA contribute $350 million to TVARS in 2015.  Jim Hovious and I supported and voted for this recommendation when it became clear to us that the board was likely to recommend a lower amount without our support.  Per the outdated formula in the TVARS rules, TVA must contribute at least $215 million in 2015.  Changing the minimum contribution formula would require the approval of both the TVARS and TVA boards.

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