Heatwave pushes TVA’s energy consumption to highest level in nearly a decade and more Economic News
Hot weather defines peak TVA power
This week’s heat wave pushed electricity consumption in the Tennessee Valley to its highest level in nearly a decade.
On Thursday, when temperatures in the TVA 7-state area averaged 92 degrees, TVA power demand peaked at 30,340 megawatts at 6 p.m. high levels to keep homes, offices and factories cool amid sweltering heat and humidity.
TVA spokesman Scott Fiedler said Thursday’s power peak was up from the previous day’s peak of 30,209 megawatts and was the highest summer load for TVA since July 26, 2012. Thursday’s electricity consumption was still well below TVA’s summer peak of 33,482 megawatts. of 2007 when temperatures were over 100 degrees in the Tennessee Valley.
Thursday’s power spike was the 14th-highest July spike and the 60th-highest overall summer spike in TVA history, Fiedler said.
Despite early heat advisories issued for Chattanooga on Friday, peak power for the entire Tennessee Valley on Friday was not expected to be as high as Thursday’s peak.
Walmart requires workers to wear masks
Walmart requires all employees at its corporate headquarters and managers who travel to the United States to be vaccinated against COVID-19 by October 4.
The world’s largest retailer is also rolling back its mask policy for its employees working in stores, clubs, distribution facilities and warehouses. Going forward, they will be required to wear masks in areas with high infection rates, including Tennesssee, even if they have been vaccinated.
The measures are part of a series of sweeping moves Walmart announced on Friday to help curb the spread of the virus and entice more of its employees to get shot in the arm.
The vaccination mandate excludes frontline workers, who the company says have a lower vaccination rate than management. But he hopes that executive employees, who represent only a fraction of his 1.5 million workers, will serve as his inspiration.
“We hope this inspires even more of our frontline associates to get vaccinated,” Walmart spokesman Scott Pope said.
WRCB-TV appoints Callie Starnes as manager
Callie Starnes, news director for WRCB-TV, has also been named station manager for the NBC Chattanooga affiliate.
Starnes, who joined Channel 3 in 2008 after graduating from Berry College, will serve as station manager until the end of the year, when she will become chief executive of WRCB-TV alongside time that Pam Teague, the current chief executive of Channel 3, was promoted to chief operating officer of Sarkes-Tarzian, the parent company of WRCB-TV. After serving as a newscaster and investigative reporter for several years, Starnes was appointed deputy news director. Starnes served as a public relations manager at a Chattanooga public relations firm before being named chief information officer in 2016.
“Callie truly deserves the opportunity to lead Channel 3 as chief executive,” said outgoing chief operating officer Tom Tolar of Sarkes Tarzian, who was previously chief executive of WRCB-TV. “She is passionate about providing exceptional service to our viewers, our community and our advertisers. Her leadership and focus has produced impressive results for the Eyewitness News team.”
Starnes has been honored with several regional Edward R. Murrow awards and recognized by the Tennessee Associated Press for his investigative reporting. She is a member of the Carole Kneeland Project for Responsible Journalism. Starnes is a 2021 Fellow of Leadership Tennessee Next and a 2012 graduate of the Chattanooga Women’s Leadership Institute Women Mentoring Women program.
Inflation is up 4%, the highest since 2008
The Federal Reserve’s preferred measure of inflation rose 4% in June from a year earlier as a recovering economy and strong demand for goods and services helped push prices higher.
The gains in the personal consumption expenditure inflation index were the fastest since 2008, but in line with economists’ expectations. This rapid pace is unlikely to last – and to what extent and how quickly it will fade is the economic question of the moment.
Inflation has been surprisingly fast this year. Economists knew prices would show strong increases as they were measured against weak numbers in 2020, when the costs of many common purchases fell. But the jump in recent months has been more intense than expected.
That’s partly because supply bottlenecks have emerged in the reopening US economy. Computer ship shortages have pushed up electronics prices and delayed car production, sending used car prices soaring as people rush to find vehicles. Employers are struggling to hire workers fast enough to meet growing demand, and wages and prices at restaurants and some other service providers have started to rise.
— Compiled by Dave Flessner