Tennessee Electric Cooperatives Announce Support for Gov. Lee’s Nuclear Development Incentive Plan

NASHVILLE – In February, Gov. Lee and his administration proposed a $50 million budget allocation to assist with growing, recruiting and attracting nuclear companies to Tennessee.

Tennessee’s electric cooperatives support the Nuclear Energy Supply Chain Investment Fund as proposed in the administration’s budget. For nearly a century, electric cooperatives have distributed affordable energy with high reliability to rural and suburban areas of Tennessee. The Lee Administration’s plan will only help cooperatives continue that important mission, and TECA commends their work to prioritize innovation in the area of reliable, affordable and safe energy production.

“Tennessee’s electric cooperatives share Gov. Lee’s vision that Tennessee should lead the nation in nuclear energy production and related industries,” said Mike Knotts, CEO of the Tennessee Electric Cooperative Association. “Since 1933, the Tennessee Valley Authority has been a global leader in energy innovation, and we believe that standard of excellence will continue. This proposed investment of $50 million will help transform Tennessee’s nuclear sector.”

Electric cooperatives encourage the General Assembly to support this provision within Gov. Lee’s proposed budget.