TVA Enters 10-year Power Purchase Agreement with Argo and Brookfield’s Smoky Mountain Hydro Facilities
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
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bam.brookfield.com/en
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Source: Business Wire
10-year PPA to deliver power from Argo and Brookfield’s Smoky Mountain Hydro Facilities located in east Tennessee and western North CarolinaThe hydro facilities will provide 377 MW of reliable, clean energy to meet demand growth in TVA’s service territoryThe PPA will support TVA’s energy transition goal to achieve net-zero by 2050 NEW YORK & KNOXVILLE, Tenn.--(BUSINESS WIRE)--Tennessee Valley Authority (“TVA”) together with Argo Infrastructure Partners, LP (“Argo”) and Brookfield Asset Management (“Brookfield”) (NYSE: BAM, TSX: BAM), with its listed affiliate Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) today announced the signing of a landmark 10-year power purchase agreement (“PPA”) with power to be delivered by the Cheoah, Calderwood, Chilhowee and Santeetlah dams, together known as the Smoky Mountain Hydroelectric facilities (“Smoky”), which is jointly owned by Argo and Brookfield.This press release features multimedia. View the full release here: https://www.busin
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