In response to sideviews, the following is quoted from TVA's 2010 news releases.
"In accordance with the TVA Act, TVA pays in lieu of taxes payments to eight states and 144 local governments where it conducts business or holds power-related assets. The payments are based on power sales revenue from the previous year and the book value of TVA-owned power property in each state."
Here are the payments by state:
Alabama $125,442,935
Georgia 8,777,429
Illinois 495,278
Kentucky 49,472,778
Mississippi 34,586,920
North Carolina 2,889,121
Tennessee 327,323,789
Virginia 1,320,742
Total $550,308,992
TVA triples Kilgore pay
In response to sideviews, the following is quoted from TVA's 2010 news releases. "In accordance with the TVA Act, TVA pays in lieu of taxes payments to eight states and 144 local governments where it conducts business or holds power-related assets. The payments are based on power sales revenue from the previous year and the book value of TVA-owned power property in each state."
Here are the payments by state: Alabama $125,442,935 Georgia 8,777,429 Illinois 495,278 Kentucky 49,472,778 Mississippi 34,586,920 North Carolina 2,889,121 Tennessee 327,323,789 Virginia 1,320,742 Total $550,308,992
To review the entire statement: http://www.tva.gov/news/releases/octdec10/2010_tax_equivalent.html