Tenaska

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.

Tenaska

Company type	Privately held company
Industry	Energy
Founded	April 1, 1987
Founders	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	$25.1 billion (2023)
Number of employees	800 (2024)
Website	tenaska.com

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.

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. 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.