TVA - Tennessee Valley Authority (may 18, 1933 – 13h 36min, apr 25, 2024 y)
Description:
Type
Government-owned independent corporation
Industry Electric utility
Founded May 18, 1933
Headquarters Knoxville, Tennessee, U.S.
Key people
Bill Johnson, CEO
Revenue $11.56 billion USD (FY 2013 ending September 30, 2013)
Operating income
$1.453 billion USD (FY 2013)
Net income
$271 million USD (FY 2013)
Website tva.gov
The Tennessee Valley Authority (TVA) is a federally owned corporation in the United States created by congressional charter on May 18, 1933, to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development to the Tennessee Valley, a region particularly affected by the Great Depression. The enterprise was a result of the efforts of Senator George W. Norris of Nebraska. TVA was envisioned not only as a provider, but also as a regional economic development agency that would use federal experts and electricity to more quickly modernize the region's economy and society.
TVA's service area covers most of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small slices of Georgia, North Carolina, and Virginia. It was the first large regional planning agency of the federal government and remains the largest. Under the leadership of David Lilienthal ("Mr. TVA"), the TVA became a model for America's efforts to help modernize agrarian societies in the developing world.[1]
https://en.wikipedia.org/wiki/Tennessee_Valley_Authority
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