TVA eyes deal to possibly buy Okla. wind-generated power

11/23/2016

The Tennessee Valley Authority is studying whether to contract this year to buy into what would be one of the biggest wind energy projects in the country.

Despite last week's election of a new president who has pledged his support for more fossil fuel power generation, TVA President Bill Johnson said the utility is still studying whether to ink a deal in the next six weeks to buy at least some of the wind-generated power windmills a Houston group is trying to transfer across the middle of America.

Clean Line Energy Partners LLC is planning to build high-voltage, long-distance transmission lines to carry power generated by windmills in Texas and Oklahoma to the Tennessee Valley. The development group wants to reach a deal with TVA to buy its power before the end of this year to take advantage of maximum federal tax incentives for wind generation that will not be as generous after this year.

Source: Knoxville News Sentinel; Chattanooga Times Free Press, by Dave Flessner

The East Tennessee Economic Development Agency markets and recruits business for the 15 counties in the greater Knoxville-Oak Ridge region of East Tennessee. Visit www.eteda.org

Back to News Listing