Tennessee Valley Authority
Tennessee Valley Authority provides electricity for utility and business customers in Tennessee, Northern Alabama, Northeastern Mississippi, and Southwestern Kentucky and in portions of Northern Georgia, Western North Carolina, and Southwestern Virginia. The company sells power to distributor customers which then resell power to their customers at retail rates. Its distributor customers consist of municipalities & other local government entities, and customer-owned entities. The company also sells power to directly served customers, consisting primarily of federal agencies and customers with large or unusual loads. It operates hydroelectric dams, coal-fired power plants, nuclear plants and natural gas-fired power facilities, which generate electricity. The company manages the Tennessee River, its tributaries, and certain shorelines to provide, among other things, year-round navigation, flood damage reduction, and affordable and reliable electricity. It also manages the river system to provide recreational opportunities, adequate water supply, improved water quality, natural resource protection, and economic development. The company was founded on May 18, 1933 and is headquartered in Knoxville, TN.