The Tennessee Joint Committee on Government Operations convened on July 23, 2025, to discuss significant changes to the state's utility regulation framework. The meeting highlighted the establishment of the Tennessee Board of Utility Regulation (TBOR), a new entity formed by merging the Utility Management Review Board and the Water and Wastewater Financing Board.

Rachel Buckley, general counsel for the comptroller's office, presented the new rules governing TBOR, emphasizing that they replace outdated regulations from the now-defunct boards. Notably, the committee did not receive any public comments during the rulemaking hearing, indicating a smooth transition to the new regulatory structure.

Committee members raised questions about the qualifications of board appointees, with assurances that the board includes individuals with diverse expertise in utility management and finance. Representative Clemens sought clarity on the board's composition, confirming that appointees are primarily selected by the governor and include representatives from municipal utilities and finance backgrounds.

Further inquiries addressed the board's jurisdiction over Memphis Light, Gas and Water (MLGW) and the potential impact of TBOR on local utilities, particularly in relation to the Blue Oval City project. Buckley clarified that while TBOR's rules govern board procedures, they do not directly affect the Blue Oval initiative.

After a thorough discussion, the committee voted unanimously in favor of the new rules, signaling a positive step forward for utility regulation in Tennessee. The TBOR is now positioned to oversee the financial and operational aspects of public utilities across the state, marking a significant shift in governance aimed at enhancing efficiency and accountability.