On this date in 1933, President Franklin D. Roosevelt signed the law that brought the Tennessee Valley Authority into existence. It is now the country’s largest public power provider, delivering electricity to more than 9 million people.
The electric utility industry requires huge upfront investments to ensure that utilities can meet future energy needs. The 84-year-old TVA, however, is already billions of dollars in debt—and needs to fund its pensions on top of that. Today’s WatchBlog explores TVA’s debts and what it needs to do to prepare for the energy demands of the future. Continue reading