TVA, under fire for nuclear construction overruns, is on a road to having its first-ever net loss year, its board was told Thursday.
"TVA expects to end fiscal year 2012 with revenues between $500 million and $600 million below plan," Chief Financial Officer John Thomas said, blaming unusually mild weather and a slowly recovering economy for sluggish power sales.
S. David Freeman, a former TVA board chairman, implored the agency "to just stop" its nuclear building program because it is too costly.
