TVA prepares for Obama administration review - WRCBtv.com | Chattanooga News, Weather & Sports

TVA prepares for Obama administration review

Posted: Updated:
Water spills over the Norris Dam on April 25 for the first time since 2011.  Photo by Michael Patrick, copyright © 2013 Water spills over the Norris Dam on April 25 for the first time since 2011. Photo by Michael Patrick, copyright © 2013

President Franklin Delano Roosevelt called the Tennessee Valley Authority "neither fish nor fowl" when he proposed the federal utility as one of his New Deal programs in 1933.

Roosevelt described TVA as "a corporation clothed with the power of government but possessed of the flexibility and initiative of a private enterprise." On May 18, TVA will mark its 80th birthday. As it does, it may also face an accounting of whether it should wear the cloak of government or take on the trappings of a free enterprise operation.

In his fiscal 2014 budget, President Barack Obama proposed a "strategic review" of TVA, including whether the government should divest itself of TVA.

In a section titled "Reorganizing, Consolidating and Streamlining Government," the budget proposal notes that, although TVA funds itself through electricity sales and bond financing, its debt counts against the federal deficit.

Read more from our news partner the Knoxville News Sentinel.

Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.