Friday, October 28, 2011

Callous head of AEP calls TVA ash tragedy a "tv event" !!!

During an investor’s call Oct. 26, Mike Morris, head of American Electric Power, talked about how he was encouraged by actions in Congress, and claimed the “coal ash issue” was “occasioned by a TV event at the TVA.” As if the toxic Kingston ash spill was some media stunt!!! See below:


http://seekingalpha.com/article/302417-american-electric-power-s-ceo-discusses-q3-2011-results-earnings-call-transcript

... We continue to meet and have dialogue with the Environmental Protection Agency, the Department of Energy, all of the RTOs that are affected at least by our fleet and the impact that those rules may have on our fleet, as well as on the FERC. We begin to -- some time ago, we began to have conversations with members of Congress, and we're quite pleased to see what the House Republicans have done. Also encouraged by yesterday or earlier this week's announcements by a bipartisan group of senators, both Democratic and Republicans sides of the aisle, addressing the coal ash issue, which is really a piece of legislation that was occasioned by a TV event at the TVA. That isn't the basis for continued regulatory change and we tried to point that out.

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