Corker pans potential TVA sale - WRCBtv.com | Chattanooga News, Weather & Sports

Corker pans potential TVA sale

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Sen. Bob Corker, R-TN, leaves the Senate on Capitol Hill in Washington earlier this year. Sen. Bob Corker, R-TN, leaves the Senate on Capitol Hill in Washington earlier this year.

KNOXVILLE, TN (News Sentinel) -- The idea of selling the Tennessee Valley Authority is continuing to get bad reviews from Republicans in Tennessee's Congressional delegation.

In the 2014 budget submitted to Congress, the Obama Administration said it "intends to undertake a strategic review of options for addressing TVA's financial situation, including the possible divestiture of TVA, in part or as a whole."

In a written statement, U.S. Sen. Bob Corker said Thursday that "While unfortunate but true, TVA as a going concern today is probably worth less than its debt and its rates have become increasingly less competitive, so if the goal is deficit reduction, I doubt this idea gains much traction."

In the past, Corker has been critical of how TVA is run, focusing particular attention on the board nominees submitted by Republican and Democratic presidents.

Read more from our news partners at the Knoxville News Sentinel.


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