Valley Investment Initiative—Program Expansion and Modification

On April 13, 2010, TVA issued a supplemental environmental assessment (EA) and finding of no significant impact (FONSI) in consideration of expanding and modifying an economic development program called Valley Investment Initiative (VII). Originally known as VII for Existing and Expanding Customers, this program is an economic development tool that aims to increase the number and quality of jobs in the TVA Power Service Area while promoting energy efficiency to slow load growth. The expanded VII Program eliminates the distinction between new and existing customers, creating a unified program for all qualifying customers. The expanded VII will replace the Enhanced Growth Credit Program begun in 1994.

TVA completed an EA and FONSI for VII for Existing and Expanding Customers in October 2008. This program, which replaced several older programs that promoted electric load growth and untargeted job growth, recognizes and rewards desirable behaviors such as continued capital investment in the TVA service area, employment of workers with above-average wages, energy-efficient operations, and load characteristics that complement the TVA system, including avoidance of heavy power use during peak load.

This supplement addresses the environmental effects of modifying and expanding the VII beyond existing and expanding customers and of terminating the Enhanced Growth Credit Program. The environmental effects were found to be minor. The TVA Board approved the expanded and modified VII Program at the April 16, 2010 meeting of the TVA Board of Directors.

Related Documents

Contact

For more information about the environmental review contact:

Amy B. Henry
Manager NEPA Program and Valley Projects

[email protected]
400 West Summit Hill Drive, WT 11D
Knoxville, TN 37902