By. Alexis Hill, Intern
TVA sent out a press release about its protection pledge on July 23.
Read more in the press release below:
The Tennessee Valley Authority has signed the Trump Administration’s Ratepayer Protection Pledge, reaffirming our commitment to providing customers in TVA’s seven-state region with some of the nation’s lowest energy costs.
“TVA is aligned with the Trump Administration’s Ratepayer Protection Pledge and is glad to sign on,” said Interim President and CEO Mike Skaggs. “We remain committed to supplying affordable, reliable power and ensuring data center costs are not passed on to the 10 million people we serve. With data center load expected to double by 2030, this pledge aligns with TVA’s approach to maintaining affordability, strengthening grid reliability, and supporting responsible economic growth in our seven-state region.”
TVA has some of the lowest energy costs in the nation. Residential rates are lower than about 80 percent of the nation’s top 100 utilities. Industrial rates are lower than 90 percent of the nation’s top 100 utilities.
TVA works to keep energy costs as low as feasible. Since February, TVA has been exploring potential updates to its rate structure for large loads. During this process, TVA is considering pricing options and improvements that support AI and other industry growth and that enable local solutions while balancing impacts on all customers. TVA has engaged in numerous, frequent discussions with local power companies and other customers throughout the process and looks forward to the TVA Board of Directors reviewing recommended rate changes to align with the mission of TVA.
About TVA
The Tennessee Valley Authority is the nation’s largest public power supplier, delivering energy to more than 10 million people across seven southeastern states. TVA has one of the most diverse energy systems – including nuclear, hydro, solar, gas, and advanced technologies. To prepare for the future, TVA is making significant investments in its power system toward new generation and transmission.
TVA is a corporate agency of the United States, receiving no taxpayer funding, deriving virtually all of its revenues from sales of electricity. TVA maintains some of the lowest energy costs and highest reliability in the nation. TVA’s residential rates are lower than those paid by over 80 percent of customers of the top 100 utilities. Industrial rates are lower than those paid by over 90 percent of customers of the top 100 utilities. In addition, 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. Learn more at TVA.com.
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