TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
External Funding Overview and Strategy (1/2)
Overview Opportunity for partnerships with federal, state and local government offices/agencies to help realize infrastructure improvements, while achieving TVA’s energy efficiency and carbon goals TVA will partner with State Energy Offices (SEO), LPCs, and others to leverage recent federal funding, estimated at over $250 million (IIJA and IRA) to supplement TVA energy programs Risks Without TVA program platforms, the Valley may not be able to take full advantage of federal funding The market may not respond to incentives at levels needed to achieve targets Market saturation of electric heat is high in the Valley; current rules only allow for gas to electric replacement Industrial sector has long lead times and quick deadlines can create barriers Complexity gaining access to funding in states where TVA only serves a portion of the market
TVA Restricted Information - Deliberative and Pre-Decisional Privileged
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