TVA Provides $530 Million in Tax Equivalent Payments in 2011

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    TVA Provides $530 Million in Tax Equivalent Payments in 2011

    The Tennessee Valley Authority paid $529,634,769 in tax equivalent payments in fiscal year 2011 to states and local governments where it sells electricity or has power properties. TVA provides tax equivalent payments annually in the eight states where TVA sells electricity or owns generating plants, transmission lines, substations and other assets, and directly to 144 local governments where TVA has acquired existing power facilities. “As part of TVA’s service-based mission outlined in the TVA Act of 1933, these payments provide revenues that help spur economic development and support stronger communities in our service area,” said TVA President and CEO Tom […]