Pickwick Electric Cooperative gets $1 million USDA loan

Jan. 28– NASHVILLE (AP)– The Agriculture Department has announced more than $4 million in grants and loans for four rural development projects in Tennessee.

In Selmer, Pickwick Electric Cooperative has been awarded a $1 million pass-through loan to the Selmer/McNairy County Industrial Development Board. The board will use the loan to purchase a foreclosed building that it will lease to Monogram Refrigeration, LLC, to expand its facilities in the county.

The refrigerator manufacturer is a division of General Electric. The expansion is expected to create up to 42 new jobs with more possible in the future.


TVA lifts power curtailment request

Jan. 24– The Tennessee Valley Authority met a record-breaking winter demand for electricity this morning with an estimated 33,345 megawatts when the average temperature across the region hovered at 7 degrees.

TVA said would be TVA’s highest demand for electricity since the summer of 2007 and third-highest in TVA history. The previous winter record was 32,572 megawatts set on Jan. 16, 2009.

Meeting the record demand required the combined efforts of TVA’s employees and generating facilities, coordination with the Valley’s 155 local power companies and large industrial customers, and the cooperation of businesses and households to conserve.

Relying on its diversified electric generating sources, TVA received 29 percent of its power from coal-fired plants, 21 percent from nuclear plants, 24 percent from natural gas plants, 12 percent from hydroelectric dams, 2 percent from wind farms and 12 percent from power market purchases.

“For the second time this month, TVA sincerely thanks everyone across the seven-state TVA service area for conserving energy and helping us provide a safe, reliable flow of electricity during this latest cold wave,” said Tim Ponseti, vice president of TVA Transmission Operations and Power Supply. “The effort made by our employees and customers during this round of bitterly cold weather exemplifies the teamwork and skill required to provide low-cost, reliable power.”


Frigid temps prompt TVA to urge power customers to conserve

Jan. 23–  Frigid temperatures are causing high demand for electricity across the Southeastern United States. As a result, the Tennessee Valley Authority is asking all electric power consumers, including residential, commercial and industrial customers, to voluntarily reduce their use of electricity until Friday afternoon.

Any reductions in electricity use can help ensure a continued supply of power to essential services throughout TVA’s seven-state service territory and avoid interruptions of service. All available generating resources are being used to meet the peak power demand.

TVA said its bulk electric system remains secure and stable at this time.

“When it’s below 20 degrees, each time the temperature drops one degree another 400 megawatts of electricity is needed. That’s almost as much as one of our larger hydroelectric dams,” said Tim Ponseti, vice president of TVA Transmission Operations and Power Supply. “Setting your thermostat two to three degrees below normal this evening and Friday morning can really help TVA manage the high power demand during this challenging time.”

Today’s peak power demand is expected to occur this evening when regional temperatures are forecast to drop into single digits and electricity demand is projected to exceed 31,000 megawatts. Another peak demand will occur Friday morning when electric loads are expected to peak around 33,000 megawatts. In comparison, demand was just below 32,500 megawatts during the height of the cold wave on Jan. 7, 2014.

Extremely cold weather is expected through early next week. This prolonged cold period will result in higher electricity use than experienced in early January. Consumers can reduce their power consumption and lower their power bills by:


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