Power play memphis tennessee
Ultimately, he is among those who see the new plant and its capacity as the start of a conversation about TVA moving to use more renewable energy sources. But TVA sees a future in which natural gas prices remain cheaper and its flow more reliable than solar or wind power on both counts. Natural gas is where we can sew in these plants and start and stop them in as little as 20 minutes.
Banbury disagrees completely on the future of natural gas and its price. He thinks worldwide demand will grow and prices along with it as there is competition for the supply and a commoditization that will make current solar and wind energy prices lower by comparison. They invested in it because they knew what it was going to be able to do in a few years. He views the conversion to natural gas at the Memphis plant as a step on the way to somewhere else before prices inevitably go up.
We are now going to be fully reliant, basically, on natural gas to supply everything here. Transmission lines for the Plains and Eastern Clean Line, a wind energy transmission system, would come through Memphis. And Banbury was among those in the Sierra Club who tried to convince the TVA board to include a requirement for some of that energy source in the specs for the new Memphis plant. But Johnson said natural gas could provide a model or platform for solar and wind.
Stanley adds that the clean line is just starting on the first of three regulatory steps to become a possible supplier to the TVA grid. It starts with a study to show that the authority can support the additional power. Banbury believes MLGW should be able to buy electricity from other sources than TVA, including the clean line if it wishes — something it cannot do under its agreement with the authority. He says MLGW would have different economic realities to consider than a federal agency that is paying for other capital projects across several states.
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