Business Background

TEA was organized in 1997 by three of its seven current owners (JEA, MEAG, and Santee Cooper) to address the changes in the electric utility industry, enhance the use of its owners' electric generating assets in the wholesale electric power market, optimize power purchases from the wholesale market for its owners, create economies of scale and reduced operating costs with respect to energy trading and marketing, and to assist owners with managing risks in the Wholesale Energy Marketplace. Soon after its inception, TEA began providing the same services it provided to owners to non-owner public power organizations. TEA has a business model for the delivery of services that does not discriminate between owners and non-owners.

TEA's Owners

TEA is owned by seven public utility systems:

City of Springfield, MO

City Utilities of Springfield, Missouri ("CU"), a component unit of the City of Springfield, Missouri, headquartered at 301 East Central, Springfield, MO 65801

www.cityutilities.net
Member since: 2000

Cowlitz County Public Utility District

Cowlitz PUD, a Washington municipal corporation serving Cowlitz County, Washington, headquartered at 961 12th Avenue, Longview, WA 98632.

www.cowlitzpud.org
Member since: 2010

Gainesville Regional Utilities

City of Gainesville, Florida, a Florida municipal corporation, doing business as Gainesville Regional Utilities ("GRU"), headquartered at 301 S.E. 4th Avenue, Gainesville, FL 32614;

www.gru.com
Member since: 2000

JEA

JEA, a body corporate and politic created by the laws of the State of Florida, headquartered at 21 W. Church Street, Jacksonville, FL 32202

www.jea.com
Member since: 1997

MEAG Power

Municipal Electric Authority of Georgia ("MEAG"), a public corporation and instrumentality of the State of Georgia, headquartered at 1470 Riveredge Parkway NW, Atlanta, GA 30328

www.meagpower.org
Member since: 1997

Nebraska Public Power District

Nebraska Public Power District ("NPPD"), a public corporation and political subdivision of the State of Nebraska, headquartered at 1414 15th Street, Columbus, NE 68601

www.nppd.com
Member since: 1999

Santee Cooper

South Carolina Public Service Authority ("Santee Cooper"), a body corporate and politic created by the laws of the State of South Carolina, headquartered at One Riverwood Drive, Moncks Corner, SC 29461.

The Energy Authority, Inc.

Business Background

TEA's Owners