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Tennessee Valley Authority: Difference between revisions
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{{short description|American utility company}} | {{short description|American utility company}} | ||
{{ | {{Organization | ||
|OrganizationName=Tennessee Valley Authority | |||
|OrganizationType=Government Corporations | |||
|Mission=The Tennessee Valley Authority (TVA) provides affordable, reliable, and environmentally sustainable electricity to the Tennessee Valley region, promoting economic development and stewardship of natural resources. It aims to support the community through energy solutions and environmental conservation. | |||
|OrganizationExecutive=Chief Executive Officer | |||
|Employees=10000 | |||
|Budget=$11B (FY 2024, including revenue and capital investments) | |||
|Website=https://www.tva.com/ | |||
|Services=Electric power generation and distribution; Environmental stewardship; Navigation improvements; Flood control; Recreation; Economic development | |||
|ParentOrganization= | |||
|CreationLegislation=Tennessee Valley Authority Act of 1933 | |||
|Regulations= | |||
|HeadquartersLocation=35.969509, -83.920658 | |||
|HeadquartersAddress=400 West Summit Hill Drive, Knoxville, TN 37902, USA | |||
}} | |||
The '''Tennessee Valley Authority''' ('''TVA''') is a [[State-owned enterprises of the United States#List of partially or wholly federally owned enterprises|federally owned]] [[electric utility]] [[corporation]] in the [[United States]]. TVA's service area covers all of [[Tennessee]], portions of [[Alabama]], [[Mississippi]], and [[Kentucky]], and small areas of [[Georgia (U.S. state)|Georgia]], [[North Carolina]], and [[Virginia]]. While owned by the [[Federal government of the United States|federal government]], TVA receives no taxpayer funding and operates similarly to a private for-profit company. It is headquartered in [[Knoxville, Tennessee]], and is the sixth-largest power supplier and largest public utility in the country.<ref name=reuters14/><ref name=sainz>{{cite news |last1=Sainz |first1=Adrian |title=Nation's largest utility in long-term deals to sell power |url=https://abcnews.go.com/US/wireStory/nations-largest-utility-long-term-deals-sell-power-67021289 |access-date=July 4, 2021 |work=ABC News |agency=Associated Press |date=November 14, 2019 |archive-date=July 9, 2021 |archive-url=https://web.archive.org/web/20210709182851/https://abcnews.go.com/US/wireStory/nations-largest-utility-long-term-deals-sell-power-67021289 |url-status=live }}</ref> | |||
The TVA was created by [[United States Congress|Congress]] in 1933 as part of President [[Franklin D. Roosevelt]]'s [[New Deal]]. Its initial purpose was to provide [[navigation]], [[flood control]], [[electricity generation]], [[fertilizer]] manufacturing, [[Urban planning|regional planning]], and [[economic development]] to the [[Tennessee Valley]], a region that had suffered from lack of infrastructure and even more extensive poverty during the [[Great Depression]] than other regions of the nation. TVA was envisioned both as a power supplier and a regional economic development agency that would work to help modernize the region's economy and society. It later evolved primarily into an electric utility.{{sfn|Neuse|2004|pp=972–979}} It was the first large regional planning agency of the U.S. federal government, and remains the largest. | The TVA was created by [[United States Congress|Congress]] in 1933 as part of President [[Franklin D. Roosevelt]]'s [[New Deal]]. Its initial purpose was to provide [[navigation]], [[flood control]], [[electricity generation]], [[fertilizer]] manufacturing, [[Urban planning|regional planning]], and [[economic development]] to the [[Tennessee Valley]], a region that had suffered from lack of infrastructure and even more extensive poverty during the [[Great Depression]] than other regions of the nation. TVA was envisioned both as a power supplier and a regional economic development agency that would work to help modernize the region's economy and society. It later evolved primarily into an electric utility.{{sfn|Neuse|2004|pp=972–979}} It was the first large regional planning agency of the U.S. federal government, and remains the largest. | ||