TVA makes tax equivalent payments to governments of $547M
Published: November 20,2013
KNOXVILLE, Tenn. — The Tennessee Valley Authority says it provided $547 million in tax equivalent payments in fiscal year 2013 to states and local governments where it sells electricity or has power properties.
TVA says it makes tax equivalent payments annually in the eight states where it sells electricity or owns generating plants, transmission lines, substations and other assets.
It also makes tax equivalent payments to 146 local governments where it owns power facilities.
The electricity provider says this year’s payments were $32 million less than the $579 million distributed in 2012.
The TVA board has approved estimated tax equivalent payments of $522.4 million for fiscal year 2014, which began Oct. 1. The lower estimate reflects a continuing trend of lower sales and lower revenues due to a slow economy and other factors.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- The Dan Jones-IHL saga: Is this the story that started it all?
- Dan Jones rejects IHL offer, won't publicly apologize
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- DAVID DALLAS — From Dan and Dixie with love
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Suit against Kemper employee Brett Wingo is dismissed
- Law to bolster utilities’ economic development efforts gets mixed reactions
- College Board sets Friday meeting to discuss Dan Jones
- Developers withdraw zoning application for former country club