Tenaska

Last updated
Tenaska
Company typePrivately held company
IndustryEnergy
FoundedApril 1, 1987
FoundersHoward Hawks; Tom Hendricks
HeadquartersOmaha, Nebraska
Area served
North America
Key people
Howard Hawks, co-founder and chairman; Tom Hendricks, co-founder; Jerry Crouse, CEO and vice chairman
ServicesEnergy development, power generation, natural gas marketing, power marketing, energy management services
Revenue$25.1 billion (2023)
Number of employees
800 (2024)
Website tenaska.com

Tenaska is a private, independent energy company based in the United States. The employee-owned company was founded in 1987 and is headquartered in Omaha, Nebraska, with regional offices in Dallas, Denver, Philadelphia, Boston, Houston, and Calgary and Vancouver in Canada. The company employs approximately 800 people.

Contents

Tenaska is involved in all aspects of power generation, as well as natural gas and electric power marketing.

The company has developed approximately 16,400 megawatts (MW) of natural gas-fueled and renewable power projects (solar, wind and hydroelectric). Tenaska and its affiliates have managed the acquisition of approximately 10,750 MW of energy assets.

Forbes magazine consistently ranks Tenaska among the largest private U.S. companies. [1]

History

In 1987, energy executives Howard Hawks, Tom Hendricks, Max Williams, and Gary Hoover launched Tenaska with the idea that success in an evolving energy industry was a job best suited for a small, private company. [2] Their goal was to build one or two power plants; the company has now built a total of 17.

The company later established affiliates to focus on multiple aspects of the energy industry. Tenaska Marketing Ventures (TMV) manages, trades or sells approximately 10 percent of the total natural gas consumption of the United States and Canada. Similarly, Tenaska Power Services Co. (TPS), an affiliate to market power and provide ancillary services, is the leading provider of energy management services to generation and demand-side customers in the U.S.

Scope of Business

Natural gas marketing: Tenaska Marketing Ventures provides services that include fuel supply, market and logistical services, asset management and financial and physical hedging services.

Power marketing: Tenaska Power Services Co. provides energy management services to generation and demand-side customers in the U.S. TPS offers optimization, risk management, power trading and settlement services.

Development: The Tenaska Development portfolio currently includes carbon capture and sequestration, natural gas-fired generation, renewable fuel peakers, wind, solar and battery storage projects.

Generation: Encompassing natural gas, wind and solar, the Tenaska Generation fleet consists of 7,580 megawatts of generation combined.

Related Research Articles

<span class="mw-page-title-main">Lower Colorado River Authority</span> Public utility in Texas that manages the lower Colorado River

The Lower Colorado River Authority (LCRA) is a nonprofit public utility created in November 1934 by the Texas Legislature. LCRA's mission is to enhance the lives of the Texans it serves through water stewardship, energy and community service. LCRA provides public power, manages the lower Colorado River, builds and operates transmission lines, owns public parks, and offers community services.

Southern Company is an American gas and electric utility holding company based in the Southern United States. It is headquartered in Atlanta, Georgia, with executive offices located in Birmingham, Alabama. As of 2021 it is the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.

Oklahoma Gas & Electric Company is a regulated electric utility company that serves over 843,000 customers in Oklahoma and Arkansas, including 1.5 million people in the Oklahoma City Metropolitan Area. It is the leading subsidiary of OGE Energy Corp., with headquarters in downtown Oklahoma City. OGE Energy is also the former parent of Enogex Inc., a natural gas pipeline business which merged with CenterPoint Energy's midstream business to form Enable Midstream in 2013, in 2021 OGE and CenterPoint sold their general partnership in Enable Midstream to Energy Transfer. OGE Energy and its subsidiaries have about 3,100 employees.

Puget Sound Energy, Inc. (PSE) is an energy utility company based in the U.S. state of Washington that provides electrical power and natural gas to the Puget Sound region. The utility serves electricity to more than 1.2 million customers in Island, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and Whatcom counties, and provides natural gas to 877,000 customers in King, Kittitas, Lewis, Pierce, Snohomish and Thurston counties. The company's electric and natural gas service area spans 6,000 square miles (16,000 km2).

Sembcorp Industries is a Singaporean state-owned energy and urban development company.

<span class="mw-page-title-main">Constellation Energy</span> Energy company headquartered in Baltimore, Maryland

Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.

NV Energy is a public utility which generates, transmits and distributes electric service in northern and southern Nevada, including the Las Vegas Valley, and provides natural gas service in the Reno–Sparks metropolitan area of northern Nevada. Based in Las Vegas, Nevada, it serves about 1.3 million customers and over 40 million tourists annually.

<span class="mw-page-title-main">NRG Energy</span> Energy company serving customers in the northeast United States and Texas

NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation. NRG serves over 7 million retail customers in 24 US states including Texas, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio; the District of Columbia, and eight provinces in Canada.

<span class="mw-page-title-main">Enmax</span> Calgary, Alberta municipal energy utility

Enmax Corporation is a vertically-integrated utility with operations across Alberta, Canada, and in Maine, US.

Silicon Valley Power (SVP) is a not-for-profit municipal electric utility owned and operated by the City of Santa Clara, California, United States. SVP provides electricity service to approximately 55,116 residential and business customers, including large corporations such as Intel, Applied Materials, Owens Corning and NVIDIA. SVP also owns and maintains a dark fiber network named SVP Fiber Enterprise.

<span class="mw-page-title-main">AES Corporation</span> American energy company

The AES Corporation is an American utility and power generation company. It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities. AES, headquartered in Arlington, Virginia, is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. AES Corporation is a global Fortune 500 power company. AES Ranks in the Top Ten of Fast Company's 2022 Best Workplaces for Innovators.

Brazil has the largest electricity sector in Latin America. Its capacity at the end of 2021 was 181,532 MW. The installed capacity grew from 11,000 MW in 1970 with an average yearly growth of 5.8% per year. Brazil has the largest capacity for water storage in the world, being dependent on hydroelectricity generation capacity, which meets over 60% of its electricity demand. The national grid runs at 60 Hz and is powered 83% from renewable sources. This dependence on hydropower makes Brazil vulnerable to power supply shortages in drought years, as was demonstrated by the 2001–2002 energy crisis.

<span class="mw-page-title-main">Energy in Senegal</span>

As of April 2020, the energy sector in Senegal has an installed capacity of 1431 megawatts (MW). Energy is produced by private operators and sold to the Senelec energy corporation. According to a 2020 report by the International Energy Agency, Senegal had nearly 70% of the country connected to the national grid. Current government strategies for electrification include investments in off-grid solar and connection to the grid.

<span class="mw-page-title-main">NextEra Energy Resources</span> American electricity supplier

NextEra Energy Resources, LLC (NEER) is a wholesale electricity supplier based in Juno Beach, Florida. NEER is a subsidiary of NextEra Energy, a Fortune 200 company. Prior to 2009, NextEra Energy Resources was known as FPL Energy.

Invenergy is an American based multinational power generation development and operations company. The company develops, builds, owns and operates power generation and energy storage projects in the Americas, Europe and Asia, including wind, solar, and natural gas power generation and energy storage facilities. It is North America's largest privately held renewable power generation company.

<span class="mw-page-title-main">Renewable energy in Morocco</span>

As of 2019, renewable energy in Morocco covered 35% of the country’s electricity needs.

<span class="mw-page-title-main">Solar power in Florida</span> Overview of solar power in Florida, United States

Solar power in Florida has been increasing, as the cost of solar power systems using photovoltaics (PV) has decreased in recent years. Florida has low electricity costs compared with other states, which makes individual solar investment less attractive. Florida ranks ninth nationally in solar resource strength according to the National Renewable Energy Laboratory and tenth in solar generation by the Solar Energy Industries Association.

<span class="mw-page-title-main">Energy in Hawaii</span> Overview of energy resources in Hawaii, US

Energy in the U.S. state of Hawaii is produced from a mixture of fossil fuel and renewable resources. Producing energy is complicated by the state's isolated location and lack of fossil fuel resources. The state relies heavily on imports of petroleum; Hawaii has the highest share of petroleum use in the United States, with 67% of electricity generation in the state coming from petroleum in 2023, compared to less than 1% nationally.

The United States state of Arkansas is a significant producer of natural gas and a minor producer of petroleum.

Energy in Tanzania is fundamental to the nation's projected economic growth, with estimates indicating that the economy could expand sevenfold by 2040, while energy demand is expected to increase by only 150% due to advancements in fuel efficiency. The country is actively enhancing its energy mix, primarily relying on natural gas for more than half of its electricity generation and significant contributions from hydropower, with oil primarily used for backup power. Tanzania has a wide range of energy resources in abundance, which are not yet fully exploited. These include; wood fuel, other biomass fuels, hydropower, natural gas, coal, wind, geothermal, uranium and solar.

References

  1. "America's Largest Private Companies". Forbes. Retrieved 2019-05-03.
  2. "News". www.news.iastate.edu. Retrieved 2023-10-04.