Tennessee Valley Authority
Logo of the TVA
Flag of the TVA
TVA Towers, TVA's headquarters in downtown Knoxville, overlooking the Tennessee River
Government-owned independent corporation
Industry Electric utility
Founded May 18, 1933
Headquarters Knoxville, Tennessee, U.S.
Bill Johnson, CEO
Revenue $11.56 billion USD (FY 2013 ending September 30, 2013)
$1.453 billion USD (FY 2013)
$271 million USD (FY 2013)
The Tennessee Valley Authority (T.V.A.) is a federally owned corporation in the United States created by congressional charter in May 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly affected by the Great Depression. The enterprise was a result of the efforts of Senator George W. Norris of Nebraska.