The Tennessee Valley Authority ranked as the top utility for job additions and was behind only Entergy Corp. in total investments in 2021, according to a new ranking of utility economic development results by Site Selection magazine.
Each year, the trade publication salutes the Top Utilities in Economic Development based on corporate end-user project investment and affiliated job creation in the utilities' territories during the previous calendar year. Among the nation's 3,300 utilities, including 900 electric cooperatives, the top utilities for economic development programs last year were:
1. Entergy Corp., in New Orleans, capital investment of $13.4 billion with a projected 6,747 jobs.
2. Tennessee Valley Authority, capital investment of $8.8 billion with a projected 80,900 jobs.
3. LG&E and KU Energy LLC in Louisville, Kentucky, capital investment of $8 billion with a projected 11,752 jobs.
4. Georgia Power in Atlanta, capital investment of $6.3 billion with a projected 17,814 jobs.
5. Duke Energy in Charlotte, North Carolina, $6.2 billion in capital investment with a projected 12,500 jobs.
6. FirstEnergy in Akron, Ohio, $5.4 billion in capital investment with a projected 21,820 jobs.
7. American Electric Power in Columbus, Ohio, $5.15 billion in capital investment with a projected $15,460 jobs.
8. Commonwealth Edison in Oakbrook Terrace, Illinois, capital investment of $3.4 billion and 4,792 jobs created.
9. PECO, an Exelon Co., capital investment of $3.1 billion and 4,480 jobs.
10. Alabama Power Co. in Birmingham, Alabama, capital investment of $2.53 billion with projected 4,110 jobs.
Source: Site Selection magazine, September 2022