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TVA addresses how budget cuts may impact operations

6:49 PM, Mar 2, 2013   |    comments
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The Tennessee Valley Authority addressed concerns about how the automatic federal spending cuts could impact the energy provider.

The U.S. sequester went into effect Friday at midnight. Since congress failed to reach a deal, the government will have to allocate $85 billion worth of federal spending cuts.

These cuts will impact the defense department, government agencies, head start programs, unemployment benefits and airport checkpoints and towers.

According to experts, the full impact of those cuts will likely not hit until April. Still, millions of government workers may have to face furloughs.

TVA has considered how budget cuts could affect its operations. In a statement released Saturday, a TVA spokesperson said the company plans to reduce spending without firing anyone or putting employees on furlough.

Instead, TVA said it could cut jobs and money through attrition. The energy provider also said it's considering cutting funding for several programs. Still, the company said it will continue to provide quality electric power.

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