KNOXVILLE, Tenn. (AP) -- A new University of Tennessee report finds that if the federal government decides to go ahead with divesting the Tennessee Valley Authority, the public utility could be broken up among several private power generators in the region.
The study conducted by the school's Howard H. Baker Jr. Center for Public Policy was released on Monday. It finds that it would be unlikely that the Federal Energy Regulatory Commission would approve the sale of the entire TVA to a single company.
President Barack Obama's 2014 budget proposal calls for a strategic review of the TVA, the nation's largest public utility with 9 million customers in seven states from Virginia to Mississippi.
The TVA was created in 1933 to control flooding and bring electricity to rural Appalachia.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.