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TVA’s unique heritage


President Roosevelt sought to combine the power of government with the flexibility and initiative of private enterprise when he convinced Congress to create the TVA as sort of a pilot project in 1933. As a federally owned corporation, TVA has more flexibility than a government department, Featherston said. TVA is now entirely self-financed and receives no tax dollars, while making tax-equivalent payments to state governments.


TVA is by far the largest of only a few public power providers in the country, one of the largest electricity producers in the country with a generating capacity of about 32,000 megawatts, and the first and largest regional planning agency for the federal government. Its 80,000-square-mile service area covers most of Tennessee and parts of neighboring Alabama, Georgia, Kentucky, Mississippi, North Carolina, and Virginia. TVA can sell power to a limited number of other outside power companies but is restricted by federal guidelines that were established in 1959, Featherston explained.


TVA provides low-cost power to nearly 10 million people through 154 local power companies, 57 large direct-served customers and federal installations. TVA’s generation comes from a diverse portfolio including coal, nuclear, hydro, pumped storage hydroelectric, natural gas combustion turbine and combined cycle gas; alongside solar energy, wind energy and other generation sources.


Since part of TVA’s original mandate was to build dams for flood control and power generation, TVA also manages more than 293,000 acres of reservoir land and 80 public recreation areas in the Tennessee River Valley. A study from TVA and the University of Tennessee shows that the annual value of recreation on the Tennessee River reservoir system for the region is nearly $12 billion.


Economic development to increase Tennessee Valley residents’ standard of living has been a huge part of TVA’s congressionally mandated mission from day one. Site Selection, an international industrial development magazine, has recognized TVA for 12 years in a row as one of the Top 10 utilities in North America for economic development leadership and results.


“We’re constantly seeking to bring in new business, so we use helicopters for that as well,” Featherston said. The rotorcrafts carry prospective new business owners to potential industrial development sites. Toyota, Volkswagen, Google, and Facebook are among the major businesses that TVA recently helped woo and convince to locate in the valley. Reliable electricity was a factor in their decisions.


The TVA hangar is located in Muscle Shoals, Alabama. (KMSL) 50 Mar/Apr 2019


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