Tennessee Valley Authority · Knoxville, TN United States
Company Description
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This link will open in a new window The Tennessee Valley Authority (TVA) may not be an expert on Tennessee attractions like Dollywood and the Grand Ole Opry, but it is an authority on power generation. TVA is the largest publicly owned power producer in the US, with more than 35,000 MW of generating capacity. Its facilities include 11 fossil-powered plants, 29 hydroelectric dams, three nuclear plants, and six combustion turbine plants. The federal corporation transmits electricity to about 160 local distribution utilities, which in turn serve some nine million consumers, as well as industrial facilities and government agencies, in most of Tennessee and neighboring parts of Alabama, Georgia, Kentucky, Mississippi, North Carolina, and Virginia. To read the full description, subscribe now.
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Key Tennessee Valley Authority Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | September |
| 2008 Sales (mil.) | $10,382.0 |
| 2008 Employees | 11,584 |
Tennessee Valley Authority Executives
40 executives listed for Tennessee Valley Authority's Knoxville, TN location.
| Title | Name & Bio | Contact |
| President and CEO | Tom Kilgore | Network |
| COO | William McCollum | Network |
| EVP Financial Services, CFO, and Chief Risk Officer | Kimberly Scheibe-Greene | Network |
Competition
Competitive Landscape for Tennessee Valley Authority
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Tennessee Valley Authority Competitors
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