The Tennessee Valley Authority Board of Directors held its quarterly meeting in Murray recently, where they discussed economic growth, energy demand and clean energy.
In the days after Hurricane Helene, TVA dams stored more than 400 billion gallons of water and between September 29 and October 5, TVA’s hydro units generated an average of 2,869 megawatts per day, which is 1,600 megawatts greater than the average during the same timeframe last year. The TVA averted about $219 million in flood damage in affected communities and about $406 million downstream.
President and CEO Jeff Lyash expressed his pride in what the TVA has accomplished this year, not just in hurricane response, but meeting overall energy demand.
He says the TVA helped and responded in anyway they could to the hurricane, and their quick actions undoubtedly help avoid even more disaster.
Lyash says looking forward, the TVA remains committed to their clean energy goals.
TVA is planning to invest about $16 billion through FY27 to build new generation and infrastructure and enhance the reliability of existing assets.In fiscal year 2024, TVA maintained strong financial health and made investments of over $3.9 billion in its power system. TVA’s net income was $1.1 billion for the fiscal year, which was $635 million higher than the prior year due mainly to higher operating revenues and lower operating expenses. TVA’s effective electricity rate for fiscal year 2024 is two percent lower than in the prior year.