Have a client whose 5-year economic development rate with TVA expires next month. They're worried about a huge rate increase when they go back to standard industrial rates. Anyone successfully negotiated extensions or transitions to other special rates?
Economic Development Rate Expiring Soon
Alice, I've had success with TVA by showing continued job growth and capital investment. They have some flexibility on extensions if the company can demonstrate ongoing economic impact. What kind of facility and how many employees?
Beatrice is right about the economic impact angle. Also check if they qualify for any of TVA's green energy programs or demand response rates. Sometimes you can offset the standard rate increase with other incentives.
It's a 200-employee food processing plant that added 50 jobs during the incentive period. I'll help them prepare a case for extension based on job creation and planned expansion. Thanks for the guidance!
This is exactly why we need to track incentive expiration dates for our clients. The transition back to standard rates can be a shock if not planned properly. Good luck with the TVA negotiation Alice.