Tennessee Valley Authority Affirms Power Purchase Agreement with Illinois' Largest Wind Farm

January 18, 2010

The Tennessee Valley Authority (TVA) recently entered into a contract with Iberdrola Renewables Inc. to deliver up to 300 megawatts (MW) from the Streator Cayuga Ridge project in Livingston County, Illinois starting in spring, 2010. Power delivery is subject to environmental requirements and firm transmission paths being secured. “When we look at all the options for renewable sources, it makes sense for TVA to invest in wind energy,” said TVA Executive Vice President Van Wardlaw.

Portland, Oregon-based Iberdrola is the world's largest supplier of wind power. TVA’s current renewable energy portfolio now includes 5,095 MW from hydro, wind, solar and methane sources. In addition, TVA’s nuclear plants contribute 6,900 MW of low-or-no-emission electricity to the power grid. TVA is the nation’s largest public power provider whose distributors serve approximately 9 million consumers in seven southeastern states. TVA also creates economic development opportunities and manages the Tennessee River and its tributaries to provide multiple benefits, including flood damage reduction, navigation, water quality and recreation. See the TVA press release and the Iberdrola press release.