Tennessee Valley Authority Incentive Programs
Program Options
- IP5 participants receive 5 minutes' notice for all interruptions and receive a monthly energy discount in exchange
- IP30 participants receive 30 minutes' notice for all interruptions, may be called upon to economically curtail consumption up to 12 hours per year in addition to their reliability call hours and receive a monthly discount and impact-based energy credit.
Termination Notice Options
- Five-year term and three years' notice
- Five-year initial minimum term and rolling thereafter; three years' notice to terminate
- Customers on IP5 option who use 5,000 KW or less also have an option of a five- year term and one year's notice.
Customer Characteristics
- Minimum projection of 500-kilowatt peak monthly demand
- Minimum projection of 25 employees or additional 5 million kWh annual usage
- No plans to reduce workforce by 50% more
- Financially viable
Long-term Commitments
- Existing Industry: Projected five-year capital investment of the lesser of 35% of plant's book value or $100 million
- Newly locating company: Projected five-year capital investment of $2.5 million
- Standard power contract with a remaining term at least as long as the award period.
- Award amounts are based on a customer five-year projections and actual performance in the following categories:
- Capital Investment
- Full-time equivalent employees
- Average annual wages
