Enhanced Growth Credit (EGC)
The Enhanced Growth Credit program provides credits on power bills to new or expanding industrial companies that create new, firm electrical demand of 100 kW or more. Customers may choose one of the following EGC options:

Program Requirements
New or Expanding Members must be in one of the following standard industrial classification (SIC) groups:
A.  Mining (SIC's 10 - 14)
B.  Manufacturing (SIC codes 20 - 39)
C.  Bulk transportation (SIC codes 40, 42, 44 & 45)

An All-Electric Qualifier must meet all of the following criteria:
A.  All electric on heating, ventilation and air conditioning (HVAC) system.
B.  50 percent or more of floor space is heated and cooled.
C.  HVAC, interior lighting, and/or cooking represent 50 percent or more of the member's electrical load.

Other Qualifying Members:
Expanding members that add at least 250 kW of electric load for all electric HVAC, water heating, and/or cooking.

The credit amounts will vary based upon each month’s actual demand, and there is no maximum credit amount. For expansions a demand baseline will be set at the highest demand over the previous twelve months. Benefits of the EGC accrue on qualifying load above that baseline demand.


Small Manufacturing Credit (SMC)

Companies whose monthly demand falls between 1,000 and 5,000 kW and SIC code is between 20 and 39, will qualify to receive the substantial benefits of the Small Manufacturing Credit Program. These credits are offered by TVA and the local power distributor to assist new and expanded businesses. The credit is available under Part 3 of the GSA or TGSA rate schedules. In any month when the metered demand for firm power exceeds 1,000 kW, a credit is applied to each kW of metered demand used in determining the firm billing and each kWh of firm energy. The monthly credit is equal to the sum of:

• $1.38 per kW for the first 1,000 kW of metered demand
• $1.63 per kW of any metered demand amount in excess of 1,000 kW, and
• $0.0054 per kWh of firm energy (0.54 cents/kWh)


Enhanced Security Deposit Program

The Enhanced Security Deposit Program is available to commercial and industrial electric customers through a partnership between TVA and participating distributors of TVA power. The program allows the waiver or refund of electric utility deposits to qualifying customers that are approved by the underwriter for TVA.  The customer must submit financial information upon request and must be approved for the exact coverage amount from Pennyrile Electric to qualify.  The program is open to creditworthy commercial and industrial customers with an average monthly billing demand of greater than 50 kW.


Comprehensive Services Program

Pennyrile Rural Electric Cooperative and TVA offer a wide variety of programs designed to help companies identify energy solutions that generate savings and increase profit. These programs are typically available at little or no cost.

Such programs include:
• identifying energy efficiency improvements for buildings and equipment
• recommending energy-efficient construction guidelines
• power quality monitoring and recommending solutions
• providing lighting analyses and recommendations
• analyzing energy management systems
• consulting on HVAC systems and technologies
• infrared and ultrasonic testing services
• others?


Consulting Services

Through Pennyrile Rural Electric Cooperative, TVA staff can provide technical assistance to improve process efficiencies, quality and throughput. TVA industrial specialists, as well as national industry consultants, study the processes and make customized recommendations. Our main objective is to help the end user become more efficient so that the unit cost per part is competitive within their market place. These services are generally available at no cost.


Commercial Loan Program

Who is Eligible?
• Non-residential customers served by Pennyrile RECC
• Served by the utility for at least one year
• Favorable credit history reports and good payment history with power distributor
• Funds available to local entities only, as opposed to corporate offices of local customers. Recipients will be local customers with strong local management (decisions influenced at the local level)

Funds Under This Program May Be Used As Follows:
• Upgrade customers electrical facilities
• Take advantage of energy conservation measures
• Increase efficiency of operation
• Increase production and/or increase jobs
• Assist in regulatory compliance

Terms of Loan Program
• Customers may borrow up to $25,000 to be repaid within 5 years.
• Interest rate is fixed at time loan is finalized.
• Equal monthly installments will be added to customers regular power bill for duration of loan repayment.
• Loan will be secured by lien or other legally binding agreement. Distributor will file UCC-1 in deed book as well as a chattel lien on the property/equipment. All filing fees will be a cost for the borrower.
• Customer agrees to continue to be served by current power supplier for term of loan.

Economic Development Loan Funds (EDLF)

The EDLF provides loans to established companies relocating or expanding their operations in the Tennessee Valley. Funds may be used for building expansions, equipment, and other purposes and are offered with flexible terms and rates. Loan amounts, terms and interest rates are dependent upon criteria such as number of jobs created, total capital investment, security provided, and impact on the community. All loans are subject to a financial and eligibility review.