Feds to divest Tennessee Valley Authority?

Obama Administration to Consider Sale of TVA


The administration's budget proposal on Wednesday disclosed a planned "strategic review" of the authority known as TVA, which provides electricity to parts of seven states, including most of Tennessee. The review will include "options for addressing TVA's financial situation, including the possible divestiture of TVA, in part or as a whole," it said. "Reducing or eliminating the Federal Government's role in programs such as TVA, which have achieved their original objectives and no longer require Federal participation, can help put the Nation on a sustainable fiscal path," the budget said. TVA was created during the Great Depression as a New Deal public works program. It built dams and, later, nuclear power plants. The government still fully owns the authority, but it now funds its own operations.
Comment: Wiki Tennessee Valley Authority. A very good idea!

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