Tennessee Valley Authority (TVA), a wholly owned U.S. government corporation
established by the TVA Act in 1933, generates prosperity to improve
the quality of life for nearly eight million people in
the Tennessee Valley region. As the nations largest wholesale
producer of electricity and the operator of the nations largest
public power system, TVA strengthens the regional economy by promoting
economic development, supplying low-cost, reliable power, and supporting
a thriving river system. TVA provides power to the Valley by balancing
the competing needs of power supply, flood control, navigation, land
use, water quality, and recreation.
TVA generates and
transmits an ample supply of power to the people of the Valley at the
lowest feasible rates meeting all its financial needs through cash flows
and by issuing debt. No U.S. tax dollars support the TVA power system.