Tenaska

Consistently ranked among Forbes’ List of America’s Largest Private Companies, Tenaska is a leading energy company with business operations that span the energy value chain.^[1]

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; Tom Hendricks, co-founder; Jerry Crouse, chairman of the board, and Chris Leitner, president and CEO
Services	Energy development, power generation, natural gas marketing, power marketing, energy management services
Revenue	$10.2 billion (2024)
Number of employees	842 (2025)
Website	tenaska.com

Tenaska Marketing Ventures (TMV)^[2] and Tenaska Power Services Co. (TPS)^[3] are among the largest natural gas and electric power marketing companies in North America. The company has an operating fleet of 7,482 megawatts (MW) of natural gas^[4] and renewable generating facilities and throughout its history has developed, managed and/or operated  23,172 MW of natural gas-fueled and renewable generation. Tenaska is actively developing more than 9,000 MW of natural gas-fueled generation, 10 carbon sequestration projects capable of storing more than 50 million metric tons of CO₂ per year and a development services portfolio encompassing more than 20,000 MW of solar, wind and energy storage projects.^[5]

Tenaska seeks investment opportunities to allocate its capital into generation assets nationwide.

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.^[6] 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, energy storage and green hydrogen projects.

Generation: Encompassing natural gas, wind and solar, the Tenaska Generation fleet consists of 7,482 megawatts of generation combined.