KNOXVILLE, Tenn. – The Tennessee Valley Authority published its Fiscal Year 2022 Annual Report, providing a comprehensive view into the agency’s leadership efforts in building a clean energy future, attracting high-value jobs and investment, and being a steward of our region’s environmental resources for the 10 million people who call the Tennessee Valley home.
The annual report themed – “Building the Future, Together” -- focuses on the people of TVA and the partnerships they have developed with our customers and community organizations across the Tennessee Valley. It highlights TVA’s 2022 accomplishments as the agency continues to deliver on its commitment to provide affordable, reliable, resilient, and clean energy to its customers while upholding its mission of service to the people of the Valley and nation.
Jeff Lyash, TVA president and CEO, shared his excitement about the accomplishments of our employees this past year.
“It’s a time of challenges and opportunities, a time when the innovative spirit of our workforce will be called upon to solve complex challenges and open the door to new ways of thinking,” he said. “It’s the beginning of a highly emergent period in the development of our nation’s clean energy future, and TVA is helping lead this transformation.”
Key accomplishments include:
- Helped attract and encourage the expansion of business and industries in the Tennessee Valley, with more than $10.2 billion in proposed investments and approximately 66,500 jobs expected to be created or retained in 2022 while maintaining flat wholesale base rates since 2019.
- Provided $3.2 million in school efficiency grants and $1 million in STEM grants to enhance learning for our region’s youth.
- Upgraded more than 3,700 homes through TVA Home Uplift since 2018 for low-income residents – helping them save as much as $500 a year on their power bills.
- Responded quickly to rebuild the electric grid after the unbelievable devastation from the violent tornadoes that raged across western Kentucky and ice storms that cut power in western Tennessee.
- Carried out 120 biodiversity projects to protect the region’s many unique plant and animal species.
- Issued one of the nation’s largest carbon-free energy requests – 5,000 megawatts that must be operational before 2029.
- Led the way for advanced nuclear technology, applying a systematic approach to exploring technologies and potential locations for advanced nuclear reactors.
- Electrified transportation by starting to install the region’s premier electric vehicle fast charge network and bringing the first electric school bus to Tennessee.
- Completed TVA’s largest ever dam safety project – the $326 million Boone Dam Remediation Project – after seven years and 2 million hours of work.
- Created a multidisciplinary Environmental Justice team to develop a framework to better identify disadvantaged communities and meet their needs.
- Made progress in key programs to promote DEIA within its workforce and improve accessibility and Inclusion with Diversity initiatives within the communities TVA serves.
Learn more about TVA’s sustainability efforts, strategic planning, financial health, and new nuclear program at tva.com/about-tva/reports.