| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
10,635 |
| Revenues (TTM) (Millions $) |
13,951 |
| Net Income (TTM) (Millions $) |
1,580 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
5,498 |
Business Description
The Tennessee Valley Authority (TVA) is a federally owned corporation created by Congress in 1933 to provide navigation, flood control, electricity generation, and economic development in the Tennessee Valley area.
The Tennessee Valley area consisted of seven states- Alabama, Mississippi, Tennessee, Kentucky, Georgia, Virginia, and North Carolina. During the Great Depression, the Tennessee Valley was one of the poorest areas in the country. The region was heavily dependent on agriculture and had no resources for industrial development.
The TVA was created to address these issues. It harnessed the power of the Tennessee River to generate electricity and created a system of dams and reservoirs to control flooding and improve navigation.
The TVA was one of the earliest and most ambitious New Deal programs. It was designed to stimulate economic development in the region by providing jobs, electricity, and other public services. The TVA was also intended to serve as a model for other public works projects across the country.
Since its creation, the TVA has undertaken a wide range of initiatives to promote economic development and environmental sustainability in the Tennessee Valley. Today, it provides electricity to over 9 million people across the region and manages a system of dams and reservoirs that cover over 650 miles of the Tennessee River.
The TVA has also been involved in a number of environmental initiatives, including efforts to reduce pollution and protect endangered species in the Tennessee Valley. It has also played a key role in promoting renewable energy, such as solar and wind power, as part of its overall mission to promote sustainable development.
Overall, the Tennessee Valley Authority has had a profound impact on the economic, social, and environmental development of the Tennessee Valley region. Its legacy continues to shape the region and influence public works programs across the country.
Company Address: 400 W. Summit Hill Drive Knoxville 37902 TN
Company Phone Number: 632-2101 Stock Exchange / Ticker: TVC
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