Federal budget explores sale of Tennessee Valley Authority

摘要

President Barack Obama's administration is willing to explore the possibility of privatizing the government-owned Tennessee Valley Authority, according to the 2014 federal budget proposal released by the White House in early April. According to the proposed budget, the Tennessee-based utility would be subject to "strategic review" as the administration looks for ways to help reduce the country's deficit. "Reducing or eliminating the Federal Government's role in programs such as TVA, which have achieved their original objectives and no longer require federal participation, can help put the Nation on a sustainable fiscal path," the budget proposal said. Divestiture of TVA "in part or as a whole" is an option suggested, although the budget does not present a specific plan detailing the utility's future.