The Tennessee Valley Authority has again been named to Site Selection magazine’s annual list of the top utilities in economic development.
TVA is one of ten power companies on the 2012 list. Another ten companies received honorable mention.
The magazine credits Knoxville-based TVA for helping “garner $4.9 billion and 43,000 jobs for its region last year.”
Site Selection’s audience includes thousand of corporate executives and consultants responsible for choosing where companies build new plants.
Here’s an excerpt from the magazine’s report:
“TVA continues to set the table for economic growth across its 80,000-sq.-mile (207,200-sq.-km.) territory in parts of seven states, as it provides power directly to 56 large industries and 155 power companies. Among the major projects to land in TVA territory in 2011 were Olin-Winchester and GE Aviation in Mississippi; GM and Martinrea Hopkinsville in Kentucky; Topre America and North American Lighting in Alabama; and Electrolux and Amazon.com in TVA’s home state of Tennessee.
TVA has made the magzine’s annual power companies list each of the last several years.
Site Selection’s picks are based on an analysis of corporate development in the utility’s service area in 2011, surveys of corporate end users and site consultants; and “incentives for business, including energy efficiency and renewable energy programs; and the utility’s own job-creating infrastructure and facility investment trends.”
Cost over runs on nuclear plant construction and ash spill disasters weren’t mentioned as part of the selection criteria.
Site Selection report: The Top Utilities of 2012: The Power of People
Photo: TVA’s Bellefonte plant.