Tenaska

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Tenaska

Type	Privately held company
Industry	Energy
Founded	April 1, 1987
Founder	Howard Hawks; Tom Hendricks
Headquarters	Omaha, Nebraska
Area served	North America
Key people	Howard Hawks, co-founder and chairman; Tom Hendricks, co-founder; Jerry Crouse, CEO and vice chairman
Services	Energy development, power generation, natural gas marketing, power marketing, energy management services
Revenue	$9.9 billion
Operating income	(2019)
Number of employees	710 (2019)
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 700 people.

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

The company has developed approximately 10,500 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 50 largest private U.S. companies.^[1] Gross operating revenues were approximately $9.9 billion in 2019.^[2]

History[]

In 1987, energy executives Howard Hawks, Tom Hendricks and a few others launched Tenaska with the idea that success in an evolving energy industry was a job best suited for a small, private company.^[3] 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.^[4] 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 natural gas supply chain management services that include a reliable 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 and acquisitions: Tenaska's Strategic Development & Acquisitions Group develops and acquires both traditional fossil-fueled power plants and also generating projects from across the renewables spectrum. Most recently, the company launched an energy innovation investment initiative aimed at providing capital to business opportunities with potential to have a transformative impact on the energy industry or to respond to disruption.

Power generation: Tenaska's Engineering & Operations Group handles a range of areas from conceptual engineering and managing construction to operating and maintaining the Tenaska fleet of generating facilities, which includes approximately 8,000 megawatts of natural gas-fueled and renewables generation.

Community Involvement[]

Tenaska has a longstanding record of support for community programs where it does business. Employees are actively involved at all levels of nonprofit service as donors, volunteers, board members and civic leadership and in many other ways. More than $800,000 in scholarships have been awarded in communities where its generating facilities are located.

Tenaska hires locally when possible and works with contractors that help fulfill that commitment.

Recognitions[]

• No. 26, America's Largest Private Companies – Forbes magazine^[5]
• Among top five natural gas marketers in North America (Tenaska Marketing Ventures) – Platts Gas Daily
• No. 1, gas pipeline capacity release trading (Tenaska Marketing Ventures) – Capacity Center
• 6 Voluntary Protection Program Star Worksites (Tenaska Virginia Generating Station, Tenaska Kiamichi Generating Station, Tenaska Frontier Generating Station, Tenaska Gateway Generating Station, Tenaska Lindsay Hill Generating Station, Tenaska Central Alabama Generating Station) – Occupational Safety & Health Administration, U.S. Department of Labor^[6]

References[]