Economic Development

Who We Are

PowerSouth Energy Cooperative, headquartered in Andalusia, Ala., is a generation and transmission (G&T) cooperative providing the wholesale power needs of 20 distribution members — 16 electric cooperatives and four municipal electric systems — in Alabama and northwest Florida.

In 1941, PowerSouth was formed by 11 cooperatives to generate and sell electricity. First known as Alabama Electric Cooperative, the name was changed to PowerSouth Energy Cooperative in 2008 to better reflect the cooperative's geographical service territory and to position the company for future growth opportunities. Today, as one of 62 G&T cooperatives in the United States, PowerSouth is a trusted energy provider for the distribution members, who serve end-users in 39 Alabama and 10 Florida counties.

With a combined generating capacity of more than 2,000 megawatts, PowerSouth owns and operates six generation facilities and holds ownership interest in an additional facility. Utilizing a diverse generating mix that includes natural gas, coal, water (hydro), compressed air energy storage technology, and a disciplined fuel supply hedging program, PowerSouth minimizes the impact of significant fuel cost increases. In addition, PowerSouth maintains long-term purchased power agreements to ensure economic and reliable power supply for the members.

PowerSouth's most important asset is a workforce of almost 600 men and women at nine PowerSouth locations. These employees set the bar for safety excellence in the electric industry, boasting an impressive safety record. Safety is PowerSouth's number-one core value, and it is evident through a Recordable Incident Rate (RIR) and Days Away, Restricted or Transferred (DART) rate well below the national average.

Distribution members vary in size, number of employees and service area characteristics. Most of PowerSouth’s 20 distribution members serve primarily rural areas; however, the service areas of some extend into rapidly expanding suburban areas. Regardless of size or energy usage, each distribution member holds equal ownership in PowerSouth, governing via a 40-member board of trustees composed of two voting delegates from each distribution system.

For specific information about our distribution area and members, visit the Distribution Members page.

In addition, PowerSouth employees work with national, regional and state leaders to educate the public about environmental change and PowerSouth's role in developing a broad approach to environmental concerns affecting the industry. PowerSouth strives to be a positive environmental steward of natural resources while ensuring no adverse economic effects on the rural communities it serves.

Counties Served

Our Team

Horace Horn

Horace Horn

Horace Horn joined PowerSouth Energy in January of 2000 as Director of Government and Economic Affairs after retiring from USDA Rural Development. On June 1, 2003, Horn was promoted to Vice President of External Affairs. PowerSouth’s Vice-President of External Affairs is responsible for government relations, public affairs, and economic development efforts in Alabama, Florida, and Washington D.C.

Taylor Williams

Taylor Williams

Taylor Williams is responsible for managing PowerSouth Energy’s economic development and governmental affairs divisions.  He previously served as an Economic Development Representative and a Governmental Affairs Representative.  Prior to joining PowerSouth in 2009, Williams worked as a corporate development project manager at the Montgomery Area Chamber of Commerce.  Williams earned his bachelor’s degree from the University of Alabama and his master’s in business administration from Auburn University at Montgomery.  He is currently serving on the Board of Directors for the Economic Development Association of Alabama.

Caleb Goodwyn

Caleb Goodwyn

As the Economic and Community Development Representative, Goodwyn directs the existing industry, economic development funding, and community development initiatives in PowerSouth's service territory.

Prior to joining PowerSouth Energy in 2012, Goodwyn served as the District Director to Congressman Spencer Bachus. Goodwyn received a Masters in Public Administration from the University of Alabama and a Bachelor of Arts degree in Political Science from Sewanee: The University of the South.

Scarlett Phaneuf

Scarlett Phaneuf

Scarlett Phaneuf is PowerSouth Energy’s Northwest Florida Economic Development Representative. Before joining the team, she was the Vice President of the Bay Economic Development Alliance and is the former Executive Director of the Walton County Economic Development Alliance.

Phaneuf has a Bachelor of Design and Master’s Degree in Architecture from the University of Florida. Because of this background, she enjoys helping relocating and expanding companies with their unique facility needs.

In 2016, she was recognized with the Dan Webster Young Innovator Award from the Florida High Tech Corridor in partnership with the Florida Economic Development Council. In January 2017, she was recognized by Developers Counsellors International as a member of its 40 under 40 Class of 2017.

Thomas Tyson

Thomas Tyson

Thomas Tyson is PowerSouth Energy’s Economic Development Representative for Alabama. Prior to joining the PowerSouth team in 2020, Tyson worked in economic development with various organizations across the state.

Tyson graduated from the University of Alabama with a degree in Finance and went on to intern with PowerSouth Energy as part of the Economic Development Association of Alabama’s internship program. Tyson’s economic development career continued from there as he worked for the City of Opelika and for the Mobile Area Chamber of Commerce. Most recently, Tyson worked as a Project Manager for the Alabama Department of Commerce working with communities across the state on various economic development projects.

Tracy Jackson

Tracy Jackson

Tracy Jackson is the backbone of the External Affairs division where she brings over two decades of high-level administrative experience to her service at PowerSouth. As the Division Secretary, Tracy is responsible for all administrative operations including financial and vendor management, along with all event planning.

Tracy holds a Bachelor of Science degree in Elementary Education from Auburn University.

Tracy and her husband, Mike, live in Wetumpka, Alabama. Together they have two sons, Nicolas (28) and Matthew (22). They enjoy spending time with their family and especially their dog, Shakespeare.


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PowerSouth’s team is committed to assisting business in achieving success, as oftentimes, company visits uncover issues that are not directly related to electric power or expansion needs.

PowerSouth is here to assist you in finding a solution to your business needs and to serve as your liaison and referral agent, as we maintain on-going relationships with critical state agencies and other crucial resources in Alabama and Northwest Florida.

  • USDA Rural Development
  • Alabama Department of Commerce
  • Alabama Department of Economic and Community Affairs
  • Alabama Department of Agriculture & Industries
  • Alabama Department of Environmental Management
  • Alabama Department of Revenue
  • Economic Development Association of Alabama
  • Economic Development Partnership of Alabama
  • AIDT – Alabama Industrial Development Training
  • Alabama Department of Transportation
  • Alabama Association of Regional Councils
  • Enterprise Florida
  • Florida Department of Economic Opportunity
  • Florida Department of Environmental Protection
  • Florida Department of Revenue
  • Florida Department of Transportation
  • CareerSource Florida
  • Florida Regional Planning Councils
  • County and Regional Economic Development Agencies

New Business Recruitment


  • Annual cash rebate of up to 3% of the previous year’s gross payroll (not including fringe benefits) for new, direct jobs, for up to 10 years.
  • Tax Credit of up to 1.5% of the qualified capital investment expenses for a project for up to 10 years. Credits can be used to reduce income tax, utility tax services, or taxes on banks or insurance companies.
  • For companies investing at least $2 million on refurbishment, upgrades, or placing equipment back in service, but not creating any jobs.
  • Property Tax and/or Sales and Use Tax abatement.
  • Alabama Industrial Development Training (AIDT) –Employee-screening, hiring, and training programs to new and expanding industries located in Alabama.
  • Abatement of the non-educational portion of state, county, and municipal sales and use taxes and property taxes on real and personal property.
  • Land, equipment, and construction materials
  • Sales and Use Tax Abatements
  • Federal Income Tax Deduction
  • No Sales and Use Tax on Raw Materials
  • Vendor Discounts on Sales Taxes •No Property Tax on Inventory
  • State Enterprise Zones
  • Utility gross receipts tax
  • Foreign Trade Zones
  • Airplane Maintenance Parts Exemption


  • No corporate income tax on limited partnerships
  • No corporate income tax on subchapter S-corporations
  • No state personal income tax guaranteed by constitutional provision
  • No corporate franchise tax on capital stock
  • No state-level tax on property
  • No property tax on business inventories
  • No property tax on goods-in-transit for up to 180 days
  • No sales and use tax on goods manufactured or produced in Florida for export outside the state
  • No sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging
  • Florida understands that businesses need certainty, predictability and efficiency in government regulations. The state’s regulatory agencies and local governments provide quicker, less costly and more predictable permitting processes for significant economic development projects.

Sales & Use Tax Exemptions on:

  • Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale
  • Labor, parts and materials used in repair of and incorporated into machinery equipment
  • Machinery and equipment used predominantly in research and development
  • Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft

Funding Programs

  • Autauga (AL)
  • Baldwin (AL)
  • Barbour (AL)
  • Bay (FL)
  • Bibb (AL)
  • Bullock (AL)
  • Butler (AL)
  • Calhoun (AL)
  • Calhoun (FL)
  • Chambers (AL)
  • Chilton (AL)
  • Clarke (AL)
  • Clay (AL)
  • Cleburne (AL)
  • Coffee (AL)
  • Conecuh (AL)
  • Coosa (AL)
  • Covington (AL)
  • Crenshaw (AL)
  • Dale (AL)
  • Dallas (AL)
  • Elmore (AL)
  • Escambia (AL)
  • Escambia (FL)
  • Etowah (AL)
  • Geneva (AL)
  • Gulf (FL)
  • Henry (AL)
  • Holmes (FL)
  • Houston (AL)
  • Jackson (FL)
  • Lee (AL)
  • Lowndes (AL)
  • Macon (AL)
  • Monroe (AL)
  • Montgomery (AL)
  • Okaloosa (FL)
  • Pike (AL)
  • Randolph (AL)
  • Russell (AL)
  • Santa Rosa (FL)
  • Shelby (AL)
  • St. Clair (AL)
  • Talladega (AL)
  • Tallapoosa (AL)
  • Walton (FL)
  • Washington (AL)
  • Washington (FL)
  • Wilcox (AL)

Provides zero-interest loans to Rural Utilities Service borrowers to promote rural economic development and job creation projects. Funds are passed on to third party borrowers as zero interest loans for projects that create jobs in rural areas, or that provide infrastructure or community facilities in rural areas that will lead to economic stability.

Contrary to the name, this is a loan program – not a grant program. It was established by grants to Rural Utilities Service (RUS) borrowers, such as PowerSouth and its members, to promote rural economic development and job creation projects. RUS borrowers loan the grant funds to eligible borrowers. The payments made on these loans are used to fund the RUS borrowers’ Revolving Loan Fund (RLF) for further investment in the community.

Under PowerSouth’s Business Development Loan Program, zero-interest loans for up to fifty percent (50%) of the value of a qualified project (not to exceed $600,000) are available to construct speculative buildings, provide infrastructure for multi-tenant industrial or business parks, or refurbish existing commercial & industrial facilities. Program funds cannot be used for working capital, production equipment, inventory or personal property.

PowerSouth’s members must provide twenty-five percent (25%) of the project’s financing (not to exceed $300,000), and the local community is responsible for the remaining funds needed for project completion. The loan term is the earlier of forty-eight (48) months or the date the property is sold. Should the facility be leased or occupied prior to the expiration of the 48 month term, interest must be paid on the loan for the remainder of the term.

PowerSouth, in conjunction with the Alabama Department of Economic and Community Affairs (ADECA), provides zero-interest energy efficiency loans to local governments and Boards of Education in communities with populations of less than 20,000 and counties of less than 50,000. Loan terms under this program may extend up to ten (10) years. ADECA loans are capped at $350,000 for local and county governments. The maximum ADECA loan allowed per school campus is also $350,000, with a maximum of $500,000 per school system. A letter of credit is required as collateral for all ADECA loans.

PowerSouth administers a Revolving Loan Fund (RLF) designed to improve local economics through the creation of new jobs.

The purpose of PowerSouth’s RLF is to provide funds for gap financing in partnership with other financial resources that promote economic development and job creation. The RLF is funded by payments made under the Rural Economic Development Grant Program.

PowerSouth’s RLF allows a maximum loan amount of $200,000 and a minimum loan amount of $20,000. Loan terms vary from 3 to 10 years, depending on the nature of the project financed.

PowerSouth’s RLF is specifically designed to provide gap financing, with limits to funding set at one-third of the total project value.

Just as PowerSouth Energy Cooperative provides a Revolving Loan Fund, many of PowerSouth’s member systems maintain their own Revolving Loan Funds.

  • Contact a local cooperative for interest rates, conditions, and terms.
  • The maximum loan rate is the prime rate as published in the Wall Street Journal.
  • The loan term is not to exceed ten (10) years.
  • Building – 10 years
  • Real estate – 10 years
  • Equipment – 5 to 7 years (or anticipated life of the equipment)
  • Working capital – 1 to 3 years oLoan servicing fees are no more than 1% per year of the annual outstanding principal.
  • Supplemental financing of 66% is required and must include at least 10% equity.

* Availability, terms, and conditions may vary by cooperative.

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