America’s highest paid federal worker commits fraud?

America’s highest paid federal worker commits fraud?
April 25, 2016

“I want to keep electricity rates low; stay competitive,” or words to that effect says TVA CEO Johnson by not paying the $6 billion pension bill. If that’s not a clear case of “robbing Peter to pay Paul,” there isn’t one. Also, it happens to be a clear case of fraud naively admitted to.

And to add insult to injury, TVA plans to buy solar electricity at a premium price and to resell it to TVA customers. But ratepayers needn’t worry, TVA pays for it from funds headed to the pension account, etc. now estimated at over $6 billion in arrears. It does not matter how much extra TVA pays for solar power, wind driven power from the Midwest. But these power sources meet the ideological goal of being “renewable,” an admin mandate.

When a comparison is made between TVA and “competitive” electric utilities, even if it’s like comparing oranges with apples, you’ll find that non-government-run electric utilities are cheaper than what TVA charges. Why then TVA any longer? TVA no longer benefits its customers; amply proves how wasteful and inefficient TVA is by over-spending billions of dollars. And most explicitly, that NOBODY is held responsible, no one is ever fired.

On top of this mess is the discovery that Chinese spies have been stealing nuclear secrets for years from TVA in their good old boy atmosphere. There has been a two-count indictment for espionage filed by the feds. Others have been implicated. Need a better reason to shutdown TVA? To let the free-enterprise electric utilities provide electricity to those now in TVA’s territory? Chances are their rates would be lower, off the TVA grid promises better and quicker service and TVA mandates would be gone.

The TVA CEO promises to be more “competitive” with whom,? Those inside TVA, those within the federal government or those non-federal government electric utilities? And paying for lower electricity rates out of the pension fund is unconscionable and a fraud.

Norsworthy Opinion
http://norsworthyopinion.com

Falling stones at Castle-TVA

Falling stones at Castle-TVA
April 19, 2016

Crumbling all around, TVA’s federal castle has pulled up the drawbridge and has entered the cone of silence zone about a two count espionage charge against a former TVA nuclear engineer.
TVA employees must be shaking in their boots, fearful for their higher paying jobs. TVA’s leader is the highest paid federal employee in the U.S. at over $6 million annually.

Don’t tell me Congress hasn’t been paying attention, don’t tell me Congress is not concerned about national security, PLEASE! It’s not unusual for TVA to duck out of anything such as espionage spies in their midst. They call it a “corporation” but TVA is as different from a regular corporation as a State is from the federal government even though TVA has been a confusing mix since 1933 when FDR pegged TVA as “neither fish nor fowl.” Of course, FDR was wrong.

Today, all of that rhetoric is irrelevant when it comes to putting our national security at risk which is exactly what the TVA, our own government, has done.
Now who runs our federal government beside “We the People…?” Chinese spies seem to have done irreparable damage to our most secret nuclear projects and TVA is right in the middle of the debacle.

Honestly, Congress should repeal the 1933 TVA Act and get us out of operational control of producing electricity which TVA does not seem capable of doing. It is inevitable this track of over borrowing and reckless spending puts TVA on target for blackmail. DO IT, CONGRESS, DO IT NOW!

Norsworthy Opinion
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TVA – espionage – pension deficit

TVA – short way to fall with pension “shortfall”
April 18, 2016

Ironically, it may not be something such as finding that espionage agents have infiltrated TVA. One person has been indicted, a Chinese nuclear engineer who has been an operative in TVA for many years selling nuclear secrets, but the real issue may be TVA’s failure to keep the now $6 billion pension account up to date, in fact, TVA plans to cut pensioner benefits.

Many have complained, lately two congressmen, about TVA’s explosive salary increases. The so-called CEO of TVA is the highest paid federal employee in America. Congress wrings their hands in despair at his $6 billion plus salary but nobody there has the will to bring up the subject knowing there would be a royal battle with the Progressives.

Congress has been stuck in the mire of politics, let’s see, for decades. Meanwhile, TVA has been running wild, borrowing more and building more and more debt.

Now the country has been thrown into a very serious national security risk because of the longstanding dilatory action of TVA management. Congress has put a blind eye to the wastrel TVA because they believe “No appropriations needed,” TVA says so.

The obvious and immediate answer should be to repeal the TVA of 1933; there are many non-power peripheral activities others could handle (state, federal or local,) they could decide whether to continue their funding.

Congress should take action NOW!

Talk to you representatives up and down the line for the sake of America!

Norsworthy Opinion
http://norsworthyopinion.com

TVA puts national security atrisk

TVA has a history of breached security
April 17, 2016

The operative question is: Who in TVA authorized the hiring the Chinese nuclear engineer? Do you think “heads will roll” at TVA? The answer is probably not; TVA let a native Iranian nuclear engineer get away with millions before he was caught apparently laundering money through a Canadian bank.
When will a negligent Congress step up and stop the run-away TVA from more irreparable damage to America? Congress has no oversight over TVA.
You say, TVA needs no congressional appropriations, why bother? The TVA Act of 1933 was so loosely drawn that managers at TVA see it any way they want to. Results so far have cost somebody billions of wasted dollars and security risks to our country.

I have said this before but apparently not loud enough, WHEN WILL RESPONSIBLE LEADERSHIP STAND UP AND CALL FOR THE REPEAL OF THE TVA ACT?
Find a lot to back this up at http://norsworthyopinion.com If you’d like, send me a comment at emnorsworthy@earthlink.net
Isn’t it about time we closed out this unfortunate experiment?

Norsworthy Opinion

TVA – competent to handle nuclear reactors?

TVA – competent to handle nuclear reactors?
April 12, 2016

Rarely is the time when nuclear subs fail, even after decades of use. The small nuclear reactor seems like a new proposition just discovered by TVA. Their plan to construct a small nuclear reactor facility in Tennessee is another insane move by TVA, among many such bungles in the past. Think of the Bellefonte nuclear plant in Alabama that was under construction for over forty years before they decided it was outdated and unnecessary anyway, they say.

TVA abandoned a $4.5 billion dollar nuclear jobs program, well that is what it turns out to be and it’s not over yet. Much unwinding has to be done including an attempt to sell something comparable to selling a Model T Ford. But hey, an old Ford might be worth more than the hulk of a cannibalized nuclear plant!

Typical of the federal government is that the several agencies and departments covet their turf more than they want to cooperate with each other. Perhaps TVA ignored the knowledge well available at the Navy Department; they’ve been manufacturing SNR’s for decades. TVA is not smart enough to front for the private companies that want to build subsidized reactors.

There is proof enough, however, that TVA should never again undertake a program as risky, dangerous and complicated with uncertain results as a nuclear reactor. No matter the size.

Norsworthy Opinion
http://norsworthyopinion.com

Declaration of Independence from the TVA

TVA analogy to Declaration of Independence
April 9, 2016

The following was written to a correspondent several years ago on the 4th of July and it is obvious that the Constitution needs to take the further step, as you suggest, to amend it; Article 5, by the States. The wording of the Amendment may or may not consider the formation of a New State.

In any case, it would be a daunting task. I believe there is plenty of support for such an Amendment showing the federal government that the States are sovereign and cannot be overrun with rules and regulations from Washington. Many States have a bone to pick with the feds.

Shall we venture further down this road that is full of potholes? I say, yes.

Your comments already on this indicate to me you are willing to go the second mile.

Ernest

“Prologue…

This is an example of how the “king,” now the federal government, is like the King of England nearly 300 years ago. With deep honor, this play on words is used to see what was fought against then is becoming applicable today with the insidious tentacles of the TVA throughout the Tennessee River Valley region.”

Under the cover of the Tennessee Valley Authority, a federal agency, it has manipulated about $10 billion a year to their own purposes often to the detriment of TVA’s 4.6 million ratepayers.”

Declaration of Independence from the TVA

When in the course of human events it becomes necessary for the people of the Tennessee Valley Authority Territory to dissolve the political bands called for in the U.S. Constitution who are entitled to a decent respect to the opinions of the residents therein, that they should declare the causes which impel them to the separation.

We hold these truths to be self evident that the ratepayers of TVA should not bear the burdens of inefficient management and wasteful spending heretofore exhibited in a $25 billion debt owed by all ratepayers.

That gross negligence of TVA management has resulted in additional billions of dollars required to be paid by ratepayers that should not have been incurred.

That while previous managers of TVA held down expenses to provide lower than usual electricity rates, present management under the new Board of Directors structure recently approved by the Congress has shown a complete disregard of ratepayers’ concerns.

That when any form of government becomes destructive of the just powers of the people governed by the TVA, it is the right of the people to alter or abolish it.

That government programs long established such as the TVA should not be changed for light and transient causes. But when a long train of abuses and usurpations pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government.

Such has been the patient sufferance of approximately 9 million citizens in parts of seven sovereign states in the Southeastern United States; and such is now the necessity which constrains them to alter their relationship with the Tennessee Valley Authority. The history of the present TVA is a history of repeated injuries and usurpations, all having in direct object the continued establishment of an absolute monopoly. To prove this, let facts be submitted to a candid remaining 43 United States.

Through the TVA Act of 1933, it prohibits the governors in seven states to enact legislation that would require approval of those states before electricity rates could be increased; large districts of people relinquish their right of representation in their several legislatures, a right inestimable to them and formidable to tyrants only.

The TVA Board of Directors has held meetings at places unusual and distant from the depository of their public records in Atlanta, Georgia, for the sole purpose of fatiguing them into compliance with their measures.

TVA has erected a multitude of offices and sent hither swarms of officers to harass the people in the TVA Territory.

TVA has kept among the people a police force without the consent of the seven legislatures.

TVA has combined with others to subject the people to a jurisdiction foreign to State Constitutions, and unacknowledged by State laws.

• For imposing taxes upon the people through electricity rates without the consent of the people in seven states;

• For abolishing the free system of laws in a neighboring State, establishing therein an arbitrary government, and enlarging the boundaries to render it at once an example and fit instrument for introducing the same absolute rule into these States.

Norsworthy Opinion
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TVA -a faux competition

TVA – a faux competition
April 8, 2016

Is this TVA’s backdoor to claiming competition in the electric utility field? Maybe someone needs to explain to TVA that it is a federal government agency. TVA crosses that Constitutional line when it makes wild assumptions about “competition.” You probably remember the old saw; “you can’t make a silk purse out of a sow’s ear.” Try as TVA might, it cannot say it is a competitive business just as no business can claim to be part of the federal government. Can TVA “partner” with a competitive business and therefore claim to be part of that entrepreneurial venture and exercise some control over it? Is TVA playing a game pretending to be “competitive”?

For years, TVA has declared it is “self-sufficient,” that it needs no funding from the Congress. Is TVA afraid to ask for any appropriations?

I have propounded a concept where the TVA production of electricity becomes part of the free market; would completely sever the federal connection. This idea would have eligible production employees’ shift to the free-market Company or companies and on choosing they would no longer be federal employees. They could try and stay with the original TVA which would then continue to do all the peripheral and non-energy production it has been doing. Doubtless, Congressional appropriations will be required to pay for these remnants if Congress agrees; maybe shift some of TVA’s present chores to other more capable state or federal agencies.

First, a majority of TVA employees would have to vote whether or not to break away from TVA (not necessarily from the federal government.) The new company, with its new board and CEO, must figure out how many electricity customers it is able to keep by each (if more than one new utility.) Each of TVA’s present sovereign states must approve the electricity rates by their rate-approval authorities, i.e., PSC’s for any utility company serving their state.

Because TVA as a federal agency has bragged for many years of its “self-sufficiency” by going deeper and deeper in debt, another alternative for the privatizing of TVA would be to quickly and cleanly turn over production of all electricity to the “new” TVA with their electrical production employees to form a new free-market Company or companies which would require approval of each of the seven sovereign states in the present TVA territory.

I have discussed this concept in earlier articles of Norsworthy Opinion http://norsworthyopinion.com

Have any comments?

Norsworthy Opinion
emnorsworthy@earthlink.net

Here are a few things Congress can fix right now:

• Of the tens of thousands of federal employees the CEO of TVA makes million more than any of them
• TVA oversight committees and sub committees need to wake up and recognize how wildly and inappropriately TVA has been operated
• A large swath of the South is being controlled by non-elected representatives. TVA customers have no path to appealing electricity rates
• Since the TVA is run by non-elected and part time political appointees Congress must put a leash on runaway TVA – NOW
• Check the records; the constitutionality of TVA has never been challenged, only the validity of a contract

Of the billions of dollars TVA has wasted, NOBODY HAS EVER BEEN HELD RESPONSIBLE, NOBODY HAS EVER BEEN FIRED!
EN 4/8/16