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VOL. 126 | NO. 230 | Thursday, November 24, 2011

TVA Tax Equivalents in 2011 Total $530 Million

AP

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KNOXVILLE (AP) – The Tennessee Valley Authority has paid $530 million in tax equivalent payments in fiscal year 2011 to states and local governments where it sells electricity or has power properties.

TVA records show that's down from $550 million in fiscal year 2010, due mainly to decreased sales revenue.

A TVA statement said the payments are made in eight states where it sells electricity or owns generating plants, transmission lines or other assets, and to 144 local governments where it has acquired power facilities.

The TVA board approved the final payment for 2011 and an estimated 7 percent increase for this fiscal year.

Tennessee received the largest 2011 payout at $321.5 million, followed by Alabama at $115.5 million, Kentucky at $46.5 million, Mississippi at $33 million, Georgia at $8.5 million, North Carolina at $2.7 million and Virginia at $1.2 million.

Illinois gets $450,000.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 391 11,120
MORTGAGES 88 481 13,903
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 969 24,034
BANKRUPTCIES 54 288 8,432
BUSINESS LICENSES 29 126 3,771
UTILITY CONNECTIONS 67 536 13,457
MARRIAGE LICENSES 17 103 3,031

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