TVA ratepayers to pay for pension shortfall - WRCBtv.com | Chattanooga News, Weather & Sports

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TVA ratepayers to pay for pension shortfall

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CHATTANOOGA, TN (Times Free Press) -- When investment markets tanked in 2008 and TVA's pension fund took a nearly $2 billion dive, the tab for making sure there was enough money to cover commitments to 24,000 retirees fell to electric ratepayers.

Fully funded, TVA's retirement plan should total $11.5 billion.

Instead, it now stands at $7 billion.

TVA has infused it with almost $1.3 billion since 2009 -- ratepayer money.

Read more from our news partners at the Chattanooga Times Free Press.


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