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Robust Economic Benefits

Tenaska has a 20-year record of being a good business neighbor in Fluvanna County, and the Expedition Generating Station project – a $2.4 billion investment – will help expand the county’s tax base at a time when at a time when residential tax bills continue to rise and emergency responders and schools are short on funding.

The new facility would account for about 33% of the assessed tax base and is expected to generate $247.7 million in tax revenue to Fluvanna County over 30 years of operation (with roughly $14.3 million projected in each of the first 5 years of operation and $8.3 million/year on average for 30 years). Tenaska is not seeking a tax abatement.

Construction will also generate significant jobs and contractor opportunities, and operations will support 29 new, long-term jobs in the county.

 

A Committed Neighbor

Tenaska is committed to additional benefits for the county – beyond the estimated $250 million in tax revenue and 29 new local jobs that Expedition will generate. This includes a Good Neighbor Fund and a Community Advisory Board, as well as funding for first responders.

We arrived at these additional benefits through feedback from neighbors and local stakeholders. This includes direct discussions, as well as responses to neighbor surveys.

  • Upon the start of construction, the Expedition project would establish a Good Neighbor Fund – estimated at no less than $5 million – that would provide payments to nearby Fluvanna County homeowners.
  • Pending county approvals, Tenaska will establish a Community Advisory Board (CAB) to ensure a two-way dialogue with neighbors and the broader community.
  • We have a strong relationship with the local first responder community, including hosting training drills and allowing the use of our on-site water tank for community fire response. Tenaska is prepared to contribute several million dollars toward first responders needs, including a future first responder station that would support this part of the county.

  • A 2025 economic impact study1 from Mangum Economics estimates the following benefits:

  • Construction

    $20.3 million in economic output2 to Fluvanna County, including:

      • 66 direct and 50 indirect/induced job years (full-time equivalents), with $7.5 million in wages
      • $9.7 million in sales and use taxes

    $445.6 million in economic output2 to the Commonwealth of Virginia, including:

      • 1,188 direct and 854 indirect/induced job years (full-time equivalents), with $170.6 million in wages
      • $41.7 million in sales and use taxes

  • Operations (Annually)

    $75.2 million in annual economic output2 to Fluvanna County, including:

      • 29 direct and 53 indirect/induced job years (full-time equivalents), with $8.8 million in wages
      • $8.3 million in property tax revenue (based on 30-year average)

    $90.6 million in economic output2 to the Commonwealth of Virginia, including:

      • 29 direct and 106 indirect/induced job years (full-time equivalents), with $13.4 million in wages

  • Long-Term Tax Revenue

    $247.7 million in tax revenue to Fluvanna County over 30 years of operation

      • $14.3 million/year during the first 5 years of operation
      • $8.3 million/year on average for 30 years
  • 1The study was conducted by Mangum Economics, based in Glen Allen.
    2Economic output is all economic activity in a local economy, inclusive of wages and taxes.

Community Engagement

Our team has had many conversations with Fluvanna County residents – both in group settings and individually. These conversations will continue over the lengthy development period and beyond. We continue to incorporate community feedback into our plans.

To date (since June 2025), our community outreach has included a project website with details about the proposed Expedition Generating Station, including a map, rendering and comprehensive list of Frequently Asked Questions (FAQs); a dedicated project email address and phone number; advertisements in the local newspaper of record; interviews with local media outlets; email blasts; direct mail; small group briefings; neighbors surveys and home visits; county-wide mailings; and a community open house.

In addition, all application materials are posted on the county website.