The Tennessee Valley Authority announced that Huntsville (Ala.) Utilities President and CEO Jay Stowe will lead a newly formed organization focused on distributed energy resources and the energy delivery marketplace. He will join TVA as senior vice president of Distributed Energy Resources.
Stowe will report to TVA Executive Vice President for External Relations Van Wardlaw and will be located in TVA’s Chattanooga office beginning Oct. 3.
“Changes in the energy delivery market will impact the way TVA and its local power companies do business in the foreseeable future,” said Wardlaw. “Distributed energy resources are a growing part of our energy portfolio, and we want to be positioned to proactively manage these to optimize the value for consumers in the Valley. Jay’s perspective as a local power company CEO will help us greatly as we partner more closely with our local power companies to best serve the Valley.”
Stowe joined Huntsville Utilities in November 2005 as vice president of Operations, was named Chief Operating Officer in 2009, and became president and CEO in 2014. Previously, Stowe served in various leadership positions with utilities in North Carolina. He is a graduate of North Carolina State University with a Bachelor of Science degree in civil engineering.
Currently, Stowe serves as chair on the Board of the Seven States Power Corporation, past chair of the Huntsville Botanical Garden Board and is a past chair of Phoenix Industries, also in Huntsville.
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving more than 9 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.