Pennyrile Electric held its 76th Annual Meeting at the fair Tuesday night, where officials discussed the possibility of the Tennessee Valley Authority being sold to a private bidder in the future.
TVA General Manager of Customer Relations for Kentucky Ernie Peterson brought up the subject first, saying the sale is included in a budget proposal from President Obama. Pennyrile Electric President Eston Glover said any sale of TVA would be very detrimental to local cooperative members and said they will be lobbying hard against the move.
Peterson said TVA has been paid for by citizens over the last several decades and they'd be forced to pay for it again if the government sold the agency.
At least 1,175 members were in attendance and heard reports on other matters including employee safety and reliability. Glover says members have electricity over 99 percent of the time and they are continually working to improve.
Financially, Glover says Pennyrile is 6.2 million dollars better off now than they were at this point last year.