Tag Archives: Tennessee Valley Authority

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.

Deadline near for DoD Freedom Award

 
051311deploy11_MC14973.JPGThe nominations deadline for the 2013 Freedom Award, which is given to civilian employers for their support of employees serving in the National Guard and Reserve, is less than two weeks away.

Nominations for the Secretary of Defense Employer Support Freedom Award must be received by Jan. 21. The award is the nation’s highest recognition presented to employers.

The Tennessee Valley Authority was one of 15 employers nationwide to receive the award in 2012 and was a semifinalist for the award in 2011 and 2010.

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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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Alcoa completes $600M Tapoco deal

 

Aluminum company Alcoa said Thursday it has completed the sale of its 378-megawatt Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners.

Tapoco includes four hydroelectric power generating stations and dams on the Little Tennessee and Cheoah rivers in East Tennessee and western North Carolina.

The $600 million deal also includes 86 miles of transmission line and about 14,500 acres of land surrounding the hydroelectric project, Alcoa said in a news release.

 

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2013 Freedom Award nominations open

Nominations for the 2013 Freedom Award, which is given to employers for their support of
ETP02.SY.jpgemployees serving in the National Guard and Reserve, are now being accepted.

Nominations will be accepted through Jan. 21, 2013, the Employer Support of the Guard and Reserve said Thursday. Employers may be nominated by Guard and Reserve members, or their family members. ESGR is a Department of Defense agency.

The Secretary of Defense Employer Support Freedom Award is the nation’s highest recognition given to civilian employers.

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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 named Freedom Award finalist

The Tennessee Valley Authority is one of two Tennessee employers selected as finalists for the
ETP02.SY.jpg2012 Freedom Award, Employer Support of the Guard and Reserve, a Department of Defense agency, announced today.

Marketing firm iostudio of Nashville was also selected as a finalist.

The Secretary of Defense Employer Support Freedom Award is given to employers in recognition of their support of employees who serve in the Guard and Reserve.

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TVA makes Site Selection’s top power company list

When it came to boosting the economy, the Tennessee Valley Authority was one of best utilities
TVA-BELLEFONTE(2).JPGin North America in fiscal 2010, according to Site Selection magazine.

Knoxville-based TVA is one of ten utility companies included on the annual “Top Utilities in Economic Development” list published in the magazine’s September issue.

The magazine cited TVA for providing services, incentives and financial assistance that “helped companies invest $4.3 billion in economic development projects and attract or retain 41,000 jobs across the region in fiscal year 2010 …”

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Knoxville, Oak Ridge companies nominated for Freedom Award

Ninety-seven Tennessee Guard and Reserve service members have nominated their
Kentucky+Senate+Paul+04.jpgemployers for the 2011 Freedom Award, the Department of Defense award given annually to employers that show “exceptional support” to employees who are members of the Guard and Reserve.

Tennessee companies nominated include four  in Knoxville — Argo Turboserve Corp., Fort Sanders Regional Medical Center, Tennessee Valley Authority, and TVA Police — and five in Oak Ridge — Bechtel Jacobs Co. LLC, Information International Associates Inc., Oak Ridge National Lab/UT-Battelle, Parkway Cardiology Associates and WSI Oak Ridge.

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Second application round for energy loans next month

Tennessee businesses will get another chance to apply for low-interest loans through the Energy Efficiency Loan Program.

Culture_Currency(2).JPGPathway Lending announced that a second round of applications will be opened on Jan. 4. Applications will be taken on a first come first served basis until all of the loan funds are committed.

The first round of applications closed on Nov. 1 with more than half of the available $50 million in loan funds committed.

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