TVA denies News Sentinel appeal to release incentives for auto-parts maker
The Knoxville News Sentinel reports that TVA has rejected the newspaper's appeal to reveal the incentives given to a South Korean company to expand its auto-parts manufacturing plant in Clinton. The contract for the incentives is already signed, and the deal is done, but the government-owned utility said it would hurt its competitive advantage if it revealed how much money it gave SL Tennessee. Here is an excerpt from the story, written by reporter Bob Fowler, which can be found online at knoxnews.com. At issue is what types of lures TVA dangled before a South Korean company — SL Tennessee — in exchange for its announcement last summer that it [...]