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 over 800 people.
Tenaska is involved in all aspects of power generation, as well as natural gas and electric power marketing.
The company has an operating fleet of 7,482 megawatts (MW) of natural gas and renewable generating facilities and has developed, managed and/or operated more than 23,000 MW of natural gas-fueled and renewable generation. Tenaska is also advancing more than 9,000 MW of natural gas-fueled generation and a portfolio of energy storage projects.
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, energy storage and green hydrogen projects.
Generation: Encompassing natural gas, wind and solar, the Tenaska Generation fleet consists of 7,482 megawatts of generation combined.
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