Most of us thought the energy world had really turned a corner. State governments are rolling out clean power targets, utility companies have been retiring their coal plants, and renewables are finally gaining both political and commercial momentum. That’s why everybody’s so shocked about what’s going on over in Knoxville, Tennessee.
It might not be a household name all over the country, but the Tennessee Valley Authority (TVC) is America’s biggest public power provider. The company serves 10 million people across seven states, so the decisions they make influence a large chunk of the country. And this month, TVA has shown us all that energy markets are a lot more fluid than investors realize.
