For more than eight decades, the Tennessee Valley Authority has provided affordable electricity, environmental stewardship and economic development opportunities to the Tennessee Valley. TVA was established by Congress in 1933 to address a wide range of environmental, economic and technological issues, including the need for low-cost electricity, and navigation and flood control along the Tennessee River system. TVA is fully self-financing, funding virtually all operations through electricity sales and power system bond financing. TVA makes no profit and receives no tax money. TVA’s power service territory includes most off Tennessee and parts of Alabama, Georgia, Kentucky, Mississippi, North Carolina and Virginia, covering 80,000 square miles and providing electricity to more than 9 million people at prices below the national average, TVA sales electricity to 155 local power companies and 57 directly served industries and federal facilities.
Year Established: 1933