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TVA reported net income of $150 million, compared with a net loss of $305 million for the first quarter of the previous fiscal year, which included $525 million in expenses from the Kingston ash spill recovery effort. Those costs related to the ash spill have subsequently been reclassified by the TVA board as a regulatory asset to be recovered in future rates over 15 years.
TVA posts net income of $150M in first quarter
2 years ago | 420 views | 0 
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| 5 | | TVA reported net income of $150 million, compared with a net loss of $305 million for the first quarter of the previous fiscal year, which included $525 million in expenses from the Kingston ash spill recovery effort. Those costs related to the ash spill have subsequently been reclassified by the TVA board as a regulatory asset to be recovered in future rates over 15 years.
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