Tag 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.

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.

Continue reading

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.”

Continue reading

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.”

Continue reading

TVA named Freedom Award winner

TVA is one of 15 employers nationwide selected to receive the 2012 Freedom Award in recognition of the Knoxville-based utility’s commitment to workers who serve in the National image003.jpgGuard and Reserve.

The Secretary of Defense Employer Support Freedom Award is the highest recognition given to civilian employers by the Department of Defense.

Nashville marketing firm iostudio was also named a Freedom Award winner. More than 3,000 employers nationwide were nominated for the 2012 award.

The 2012 winners were announced Friday by the Employer Support of the Guard and Reserve, a Department of Defense agency.

Continue reading

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.

Continue reading

TVA, Eastman Chemical named Freedom Award semifinalists

TVA and Eastman Chemical are among three Tennessee companies named semifinalists for the 2012 Secretary of Defense Employer Support Freedom Award.

The award is the highest recognition given by the Department of Defense to employers for their support of employees who are members of the National Guard and Reserve.

Nationwide, 133 employers were selected as semifinalists from more than 3,200 nominations, according to Employer Support of the Guard and Reserve, a Defense Department agency.

Continue reading

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 …”

Continue reading

Interest rate cut on energy efficiency loans

Pathway Lending is making it easier for Tennessee businesses to survive the summer heat wave and cut their cooling bills.

bjgreenreport06_MP_13101.jpgThe Nashville-based lender announced it has chopped the interest rate to 3 percent from 5 percent for the Energy Efficiency Loan Program.

The reduced rate is available through Sept. 30. EELP loans can be used to finance projects such as energy efficient manufacturing equipment, building retrofits and renewable energy systems.

Continue reading

Will Sears choose Tennessee for new HQ?

The race to win Sears Holding Corp. appears to be heating up.

NBC in Chicago and the Detroit Free-Press are reporting that Tennessee has intense competition for the retail giant’s corporate headquarters, saying Michigan is working to lure Sears’s headquarters with incentives worth about $50 million, including tax breaks, housing incentives and relocation grants.

Besides Tennessee, New Jersey, North Carolina and Texas reportedly also are in talks with Sears about a possible relocation.

No word on where in Tennessee the Sears folks would locate. Could Knoxville be on the short list?

Continue reading