The Tennessee Valley Authority highlighted employee achievement, talked about plans for the future and what has already been done to guarantee reliable power moving forward.
The agency has been celebrating 90 years of service to their service region, and President and CEO Jeff Lyash says they plan to be around for another 90 years and beyond. He says they’ve had to make changes to meet the growing demand for power, as electricity touches everyone’s lives in vital ways.
TVA previously announced $15 billion to go towards building additional generation and upgrading to the existing system over the next three years, but he says they have already begun the updates. One way they’ve done that is winterizing facilities to better face record cold, especially after rolling black outs last December put some residents in the dark.
The Authority also saw some of the highest energy demand in years in August, with they were able to meet. Lyash says all of this, from technicians to community outreach and everyone in between, would not be possible without their employees.
He says TVA’s vision is about making sure they have advanced, resilient energy capabilities, while working closely with local utilities.
In the 2023 fiscal year, TVA’s net income was $500 million for the fiscal year, $85 million favorable to budget. The region that TVA serves is growing rapidly, almost three times faster than the national average.