Tullahoma Gets TVA Money

Tennessee Valley Authority provided a record $579 million in tax equivalent payments in fiscal year 2012 to states and local governments where it sells electricity or has power properties, and an estimated $207,000 will be going to Tullahoma. TVA pays tax equivalent payments annually in the eight states where it sells electricity or owns generating plants, transmission lines, substations and other assets and directly to 146 local governments where TVA owns power facilities.