tennresident's comment history

tennresident said...

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

November 20, 2010 at 7:26 p.m.

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