Archive for the ‘Tennessee Valley Authority’ Category

TVA CEO takes economic development tour in Northeast Mississippi

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One of the Tennessee Valley Authority’s main missions is economic development, and the utility company’s top executive is seeing first-hand what is happening across its footprint.

“Our job is to help attract and keep bring businesses here, and I want to know why people come here,” said TVA chief executive officer Bill Johnson. “I’m interesting in seeing what we can learn and what more we can do.”

Tecumseh general manager Joe Kulovitz, left, talks to Tennessee Valley Authority CEO Bill Johnson during Johnson's tour of the Verona facility Wednesday.

Tecumseh general manager Joe Kulovitz, left, talks to Tennessee Valley Authority CEO Bill Johnson during Johnson’s tour of the Verona facility Wednesday.

In the past 18 months, more than 6,000 jobs have been created or retained in Northeast Mississippi, with capital investments totaling more than $1.4 billion.

While TVA isn’t directly responsible for those jobs and investment, it has played a key role in providing resources and infrastructure – namely cost-effective electricity – to help economic developers recruit and retain businesses.

Johnson tours the Valley three times a week

On Wednesday, Johnson toured the Tecumseh manufacturing facility in Verona and the Yokohama Tire site in West Point.

At Tecumseh, Johnson toured the facility with general manager Joe Kulovitz and other company officials as they showed a new expansion. Last July, Tecumseh announced it was building its advanced commercial refrigeration compressor.

The $10 million project, with $4 million coming from a low-interest loan from the Mississippi Development Authority and $600,000 in infrastructure and other improvements, could bring 150 jobs in the next five years.

Without MDA and TVA, the project would not have happened, Kulovitz told Johnson. Read the rest of this entry »

TVA to mark 80th anniversary at Tupelo ceremony

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The Tennessee Valley Authority is commemorating its 80th anniversary this year, and among the events the TVA is having will be in Tupelo next Friday. 

Tupelo, the first city to receive TVA electricity – thus “The First TVA City” designation – ,will be host to TVA president and CEO Bill Johnson, TVA board member Richard Howorth of Oxford, former TVA chairman and former Tupelo Mayor Glenn McCullough Jr.,  current Tupelo Mayor Jason Shelton, and others.

The ceremony begins at 11 a.m. at Church Street School, and TVA says, “The hour-long event will highlight the significance of TVA in Tupelo, Northeast Mississippi and the Tennessee Valley. The program will feature historical accounts of TVA’s early days of service to the area and TVA’s continued partnerships that help drive low-cost electricity and economic prosperity today.

Written by Dennis Seid

January 30, 2014 at 10:35 am

TVA hits record-breaking winter demand

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The Tennessee Valley Authority met a record-breaking winter demand for electricity Friday morning with an estimated 33,345 megawatts when the average temperature across the region hovered at 7 degrees.TVA logo

It’s  TVA’s highest demand for electricity since the summer of 2007 and third-highest in TVA history. The previous winter record was 32,572 megawatts set on Jan. 16, 2009.

Meeting the record demand required the combined efforts of TVA’s employees and generating facilities, coordination with the Valley’s 155 local power companies and large industrial customers, and the cooperation of businesses and households to conserve.

Relying on its diversified electric generating sources, TVA received 29 percent of its power from coal-fired plants, 21 percent from nuclear plants, 24 percent from natural gas plants, 12 percent from hydroelectric dams, 2 percent from wind farms and 12 percent from power market purchases. Read the rest of this entry »

Written by Dennis Seid

January 24, 2014 at 11:13 am

$200M investment bringing 200 jobs to Tishomingo County

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A groundbreaking ceremony was held this morning a few miles from the actual site of where Mississippi Silicon will be building its $200 million state-of-the-art silicon metals plant.

Officials earlier this month  announced the company’s plans to build the facility.

The project will bring 200 high-paying jobs, officials said – about $55,000  in salary and benefits per worker.

The Burnsville plant will produce silicon metal for a broad range of industries in the U.S., including the aluminum, automotive and chemical industries.

According to the MDA, the state is providing a total of $21.15 million for building construction and workforce training, as well as a $3.5 million loan to Tishomingo County for infrastructure needs.

The project, which had eyed Lowndes County two years ago, was made possible this time primarily by the banking of Rima Holdings USA is a subsidiary of Brazil-based conglomerate Rima Industrial S/A, which employs more than 4,000 workers in diecasting, magnesium, silicon metal, and ferroalloys. It also has supporting divisions such as mining, forestry, engineering, agribusiness and tourism.

Rima is the majority owner of the Mississippi Silicon venture, with an 80 percent stake in the business.

Rima CEO and President Ricardo Vicintin said Mississippi Silicon is the first greenfield silicon manufacturer to be built in the western hemisphere in more than four decades. The only other facilities have been built in Asia, primarily China, he said.

Read the rest of this entry »

TVA hits record for single-day electricity use

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The Tennessee Valley Authority said it hit a single-day record for electricity use as users cranked up their thermostats to keep warm this week.

The TVA said homes and businesses across its seven-state region used 703 gigawatt-hours of electricity on Tuesday, the most ever for a 24-hour, one-day period. TVA’s previous record was 701 gigawatt-hours on Jan. 8, 2010.

The single-day record came one day after TVA had its fourth highest “energy day” ever on Monday with 678 gigawatt-hours.

The Valley’s average temperature Tuesday never got above 21 degrees, and the average was just 4 degrees that morning when TVA’s power system experienced its second highest winter peak power demand in the public utility’s history, a 32,460-megawatt peak load on Tuesday.

TVA received 28 percent of its power from coal-fired plants, 21 percent from nuclear plants, 14 percent from combined cycle natural gas plants, 11 percent from hydroelectric dams, 10 percent from conventional gas turbines, 2 percent from wind farms and 13 percent from power market purchases.

With temperatures warming and system demand coming down, TVA lifted power supply and conservative operations alerts at noon on Wednesday. The alerts had been in effect since the weekend.

 

Written by Dennis Seid

January 8, 2014 at 9:35 pm

Brrrrrrr… TVA hits second-highest winter power peak

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The Tennessee Valley Authority just announced that its power system “passed a critical demand period” early this Power linesmorning from the cold wave, reaching its second-highest winter power peak. It also said electricity use was dropping off after the peak was reached about 8 a.m. this morning.

Said the TVA:

We appreciate all the efforts by our local power companies to reduce voltage, along with any appeals for power conservation locally during the heaviest demand period Tuesday morning.

TVA’s power system reached a preliminary peak power demand of 32,460 megawatts at 8 a.m. CST today with the Valley’s average temperature at 4 degrees. This is the second highest winter peak in TVA history.

TVA’s record winter demand is 32,572 megawatts set on Jan. 16, 2009 when temperatures averaged 9 degrees, and TVA’s all-time record is 33,482 megawatts set on Aug. 16, 2007 when temperatures average 102 degrees.

TVA expects the cold weather to continue through Wednesday and electricity use to remain high. TVA is continuing an in-house conservation effort to reduce electricity use in TVA facilities.

Consumers can help reduce their power bills by using energy-saving tips available on TVA’s EnergyRight Solutions website at http://www.energyright.com and through their local power companies.

Written by Dennis Seid

January 7, 2014 at 10:01 am

TVA ready to handle power demand due to cold

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The Tennessee Valley Authority says power demand to heat homes and business is expected to be high, but it’s TVA logoready for it.

More from the TVA:

The Tennessee Valley Authority expects plunging temperatures from an arctic cold wave moving across the region will produce high demand for electricity.

TVA’s bulk electric system remains secure and stable at this time.

“TVA has been monitoring and carefully preparing for this blast of potentially record-cold weather since last week,” TVA Chief Operating Officer Chip Pardee said. “We have taken proactive measures so the system remains robust and reliable for our customers and power users across the Valley.”

With regional temperatures forecast to be among the coldest in 20 years, TVA electricity demand is expected to exceed 31,000 megawatts on Monday evening and reach nearly 32,000 megawatts on Tuesday evening.

TVA’s all-time record winter demand was set on Jan. 16, 2009, at 32,572 megawatts when temperatures across the Tennessee Valley averaged 9 degrees. The all-time record demand on the TVA power system was 33,482 megawatts on Aug. 16, 2007, when temperatures averaged 102 degrees. Read the rest of this entry »

Written by Dennis Seid

January 6, 2014 at 1:40 pm