August 14, 2008

SEEMS DUBIOUS:

TVA has approved a water-access deal for a development group whose investors include U.S. Rep. Heath Shuler, D-N.C., who sits on a committee that exercises oversight of the federal utility. . . .

Investors in The Cove at Blackberry Ridge include Shuler, a first-term Democrat from western North Carolina who is a former star quarterback for the University of Tennessee football team. Shuler sits on the House transportation committee’s Subcommittee on Water Resources and the Environment, one of two congressional panels that provide formal oversight of TVA.

A financial disclosure statement filed by Shuler for 2007 showed his investment in The Cove fell in a range between $5 million and $25 million.

The news story allows comments, and people seem pretty disgusted. What do you think?

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