TVA and Local Power Companies Extend Community Care Fund
KNOXVILLE ― The Tennessee Valley Authority and local power companies are continuing their partnership in addressing hardships created by the COVID-19 pandemic by extending the Community Care Fund program in 2022. TVA will begin matching funds to selected organizations November 1, 2021.
Since the program began in April 2020, the Community Care Fund has helped 637 local charitable organizations across the Tennessee Valley region provide assistance to those most impacted by the ongoing pandemic.
“I view the Community Care Fund as the Valley Public Power Model in action,” said Jeannette Mills, TVA executive vice president and chief external relations officer. “Public Power means we put people over profits, and it underscores our partnerships with local power companies to deliver on our mission of service to those most in need.
“This announcement of the continuation of the fund corresponds perfectly with Public Power Week, as we celebrate the benefits we can offer in addition to clean, low-cost reliable power through our community-focused operating model,” she added.
She also pointed out that local power companies have the best understanding of the immediate needs of the people they serve, so TVA is partnering with them to select local organizations for the matching donations.
“The team at CDE Lightband works and lives here in Clarksville, Tennessee, and we know where the most help is needed,” said Brian Taylor, general manager of CDE Lightband. “One of the reasons the Community Care Fund has been so successful is that local power companies have the ability to select the charities and organizations locally that will most effectively reach people who are still struggling with pandemic impacts.”
TVA will be providing $5 million in matching funds through FY22. Since the program began in April 2020, TVA and local power companies have contributed nearly $9 million in funds.
The COVID-19 Community Care Fund is part of a broader effort by TVA and local power companies to support communities with resources, programs and assistance and reinforce the strength of public power in the Tennessee Valley.
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power companies serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.