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The Tennessee Valley Authority is a New Deal agency created to generate electric power and control floods in a seven- U.S.-state region around the Tennessee River Valley. President Franklin Delano Roosevelt signed the Tennessee Valley Authority Act creating the TVA on May 18, 1933. The agency still exists.
The Authority is a government-owned agency that competes with private power companies. There is some controversy surrounding the TVA, as government-owned means of production is a socialist concept. Controversy has been a feature of the TVA since its inception.
During the 1920s and the Great Depression years the public of the USA became disenchanted with privately owned power and began to support the concept of Government ownership of utilities, particularly hydroelectric power facilities. The concept of Government owned generation facilities selling to publicly owned distributionElectricity distribution is the penultimate process in the delivery of electric power, i. the part between transmission and user purchase from an electricity retailer. It is generally considered to include medium-voltage (less then 50kV) power lines, low- utilities was a controversial political issue.
Many believed that the privately owned power companies did not employ fair operating practices and were subject to abuse by their owners, utility holding companies, at the expense of consumers. By forming utility holding companies, the private sector controlled 94% of generation by 1921Events January 2 The first religious radio broadcast ( KDKA AM in Pittsburgh, Pennsylvania) January 2 Spanish liner Santa Isabel sinks off Villa Garcia 244 dead January 2 DeYoung Museum in Golden Gate Park San Francisco opens. January 20 Republic of Turke, and was in fact, unregulated because the States could not regulate interstate holding companies. (This situation gave rise to Public Utility Holding Company Act of 1935Events January January 1 Italian colonies of Tripoli and Kyrenaika are joined together as Libya January 7 World War II: Italian premier Benito Mussolini and French foreign minister Pierre Laval conclude agreement in which each power undertakes not to oppo (PUHCA)).
On the other hand there were many who believed that the Government should not enter the electricity generation business because they believed the Government was exploiting hydroelectricHydroelectricity hydroelectric-power or Hydropower is a form of hydropower that uses the energy released as a result of water falling, or flowing downhill or by wave-differences, under the influence of gravity to produce electricity. Specifically, the mec sites.
In the years following the Great Depression, the US Congress took steps to alleviate the plight of the farmers and the unemployed and one of those steps was the development of Federally owned power. One of the major schemes was established on the Tennessee River under the Tennessee Valley Authority Act of 1933. Under this law the Federal Government provided electric power to States, counties, municipalities and nonprofit cooperatives. It was a part of the Federal initiatives to provide navigation, flood control, strategic materials for national defense, electric power, relief of unemployment and improvement of living conditions in rural areas. The TVA was more than just a power supplier.
In its power supply role it was given authority to enter into long term (20 years) contracts for the sale of power to government agencies and private entities. It can also construct electric power transmission lines to areas not otherwise supplied and establish rules and regulations for electricity retailing and distribution. The TVA is both supplier and regulator.
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