Category Archives: TVA

TVA among top power companies for economic development

TVA Reactors

TVA has again made Site Selection magazine’s list of power companies that do the best job of economic development.
Knoxville-based Tennessee Valley Authority is one of ten utility companies included on the annual “Top Utilities in Economic Development” list published in the magazine’s September 2013 issue.
The magazine cited TVA for helping to bring “$5.9 billion in corporate facility investment in 2012, expected to create 48,500 jobs across TVA’s 80,000-sq.-mile, seven-state territory with a population of 9 million.”
Site Selection magazine is closely followed by thousands of corporate executives across the country who decide where their companies will invest in new plants and expand existing ones.
TVA has made the magazine’s list each of the last several years.
Given its mammoth service area it’s not surprising that TVA is a major player in the regional economy and it often lands on rankings like this. Still, recognition from Site Selection is a lot better than not making the list at all.
The list is based on  an “analysis of corporate end-user project activity in 2012 in that company’s territory; website tools and data; innovative programs and incentives for business, including energy efficiency and renewable energy programs; and the utility’s own job-creating infrastructure and facility investment trends,” the magazine said.
The power companies are listed in alphabetical order.
Click here for the Site Selection story.

TVA pays record $579M to state, local governments

The Tennessee Valley Authority paid a new high of $579 million in tax equivalent payments in fiscal year 2012, a $49 million increase over fiscal 2011.

The biggest chunk – more than $354 million – was paid to Tennessee governments.

TVA pays tax equivalent payments to state and local governments in the states where it sell electricity or owns power plants and other assets.

“These funds provided by TVA play a significant role in the continued economic development, improved quality of life, and strong community growth across TVA’s service region,” outgoing TVA President and CEO Tom Kilgore said in a news release. “The payments also are an important part of TVA’s mission to help the consumers we serve every day.”

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TVA makes Site Selection’s best utilities list

The Tennessee Valley Authority has again been named to Site Selection magazine’s annual list of the top utilities in economic development.TVA-BELLEFONTE(2).JPG

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.”

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TVA proposes Crockett County plan

Guest post by News Sentinel business writer Ed Marcum

TVA is proposing to do a power transmission improvement project in Bells, Tenn. and will hold a public meeting July 22 to give details and allow people a chance to sound off.

TVA proposes to upgrade the Gibson Electric Membership Corp. Bells Substation from 69 kilovolts to 161 kilovolts and build about six miles of upgraded transmission line between TVA’s Alamo Substation and the Bells Substation to handle the extra load.

 

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Power demand heats up

Guest post by News Sentinel business writer Ed Marcum

122009FLOOD_atb_19.jpgIt’s not there yet, but summer temperatures in the upper 90s are pushing demand for TVA electricity close to its all-time highest recorded power demand.

On the afternoon of June 22, TVA met a demand of more than 30,000 megawatts, which compares to the all-time high demand of 33,382 megawatts TVA provided on Aug. 16, 2007, when temperatures in East Tennessee averaged 102 degrees. The Tennessee Valley Authority, which provides electrical power for 9 million customers in seven Southeastern states, has a capacity of 36,000 megawatts of available power.

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College students beat Wall Street

College students participating in TVA’s Investment Challenge Program  produced some eye-popping returns in 2009.

Lipscomb University was the top-performing school with a 62.29 percent return, TVA announced earlier this week. Western Kentucky University and East Tennessee State University were second and third, with returns of 45.62 percent and 43.83 percent, respectively.

Students at 24 area universities in TVA’s service area that participate in the program manage a piece of TVA’s stock portfolio, producing real gains and losses.

“The Investment Challenge is not a simulation or paper portfolio. This is real money that we’ll one day use to decommission our nuclear plants,” TVA Senior Vice President and Treasurer John Hoskins said in a statement. “These students are part of TVA’s financial success.”

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