TVA Enters 10-year Power Purchase Agreement with Argo and Brookfield’s Smoky Mountain Hydro Facilities
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.
