TVA board meeting days after proposed sale

COLUMBIA, Tenn. (AP) -- The Tennessee Valley Authority board of directors holds a public meeting in Columbia on Thursday.

A public comment period begins at 9 a.m. followed by the regular meeting.

The meeting comes days after the Obama administration suggested in its 2014 budget the idea of selling the utility as a way of decreasing the federal deficit.

Although TVA does not receive taxpayer appropriations, and taxpayers aren't responsible for the TVA's debt, the utility's expenditure of borrowed funds does count in the federal deficit.

TVA had $24.6 billion in debt as of Dec. 31, 2012, according to the utility.

TVA officials have said they will continue operating normally during a proposed strategic review. The possible sale is not on the board's Thursday agenda.


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