TVA in Virginia
Fiscal Year 2014 (October 2013 – September 2014)
- In fiscal year 2014, TVA sold more than 698 million kilowatt-hours of electricity to Bristol Virginia Utilities and Powell Valley Electric Cooperative to serve four counties in southwestern Virginia.
- These local power companies in Virginia provided TVA power to more than 20,000 households in 2014, with sales of almost 307 million kilowatt-hours.
- The local power companies also served almost 4,000 commercial and industrial Virginia customers in 2014, with sales of more than 369 million kilowatt-hours. In addition, local power companies in Virginia sold nearly 9.4 million kilowatt-hours to outdoor lighting customers.
- TVA revenues from Virginia local power companies and industrial customers totaled $51 million in 2014.
- TVA serves Lee, Scott and Washington counties and a small portion of Wise County in Virginia.
- The TVA service area in Virginia covers 3,133 square miles, about 4 percent of TVA’s territory. This includes an electricity service territory of 508 square miles and a watershed management area of 3,133 square miles.
Power Generation and Transmission
TVA owns and/or maintains one substation and nearly 11 miles of transmission line in Virginia.
Land and Water Stewardship
- The upper half of South Holston Reservoir extends into Virginia. This 7,500-acre reservoir includes about 50 miles of shoreline and provides camping, fishing, boating, swimming and other recreational opportunities for Virginia residents, as well as economic benefits resulting from reservoir-based tourism. TVA maintains 13 stream access sites in the state.
- TVA manages recreational, natural and cultural resources on more than 250 acres of public land around South Holston Reservoir and partners with state, local and regional stakeholders to improve water quality, shoreline conditions, recreation and biodiversity.
- TVA manages a recreation area at South Holston Dam, offering picnicking, walking trails and fishing opportunities.
- TVA maintains the structural, seismic and hydraulic integrity of two dams in Virginia: Beaver Creek and Clear Creek.
- TVA operates South Holston Dam and Reservoir as part of an integrated multi-purpose reservoir system to provide numerous stakeholders a variety of benefits which can include: navigation, flood risk reduction, low-cost hydropower, water supply, water quality, and recreational opportunities.
- In addition to South Holston Dam and Reservoir, TVA manages two non-power projects in southwestern Virginia. The Beaver Creek and Clear Creek projects provide flood protection and recreational opportunities to nearby communities in Virginia and Tennessee.
- About 18 municipalities and seven mining companies in Virginia draw water from the Tennessee River System. Water also is drawn for power plant cooling and irrigation.
Other TVA Operations
Virginia households had 75,627 kilowatt-hours of electric energy efficiency savings from the completion of 24 In-Home Energy Evaluations by TVA-certified evaluators and 53 do-it-yourself home energy evaluations taken online or by paper survey.
Virginia is home to six employees and 112 TVA retirees and their families.
Tax Equivalent Payments
TVA paid almost $1.4 million in lieu of taxes to Virginia in 2014, based on power sales and power property values in the state.
TVA works with local power companies, directly served customers, and regional, state and community organizations to create economic development opportunities in the TVA region. Economic development focuses on attracting and retaining jobs, capital investment, and serving and supporting communities to prepare for economic growth. During fiscal year 2014, 730 jobs were created and retained in Virginia and more than $18 million invested.
In fiscal year 2014, TVA purchased $5.9 million in nonfuel materials and services from Virginia vendors.