Enhanced Growth Credit Program

The Enhanced Growth Credit Program is available as an economic development incentive that provides substantial credits on power bills to companies that locate or expand in the Tennessee Valley. In today's competitive climate, the program can represent a substantial economic advantage.

A business qualifies if it belongs to one of the following three target groups and meets minimum kilowatt demand requirements:

SIC codes
Mining: 10 through 14
Manufacturing: 20 through 39
Bulk Transportation: 40, 42, 44, and 45

Customer can qualify with new or expanding demand requirements of 100 kW or more.

Customers may choose one of the following credit options:

1. The first year credit will be $6 per kW each month, reduced by $1 per year for five years and then ending. Credit is applied any month in which power usage reaches the minimum added kW requirements. Under this program, the customer will always receive the maximum credit of $6 during its first year of operation.
2. Customers will receive credits equal to $6 per kW each month for four years.