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Nonprofits as Policy Solutions to the Burden of Government by Herrington J. Bryce

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Chapter 6 – Government Created Nonprofits to Lessen the Burden of Government

The Tennessee Valley Authority (TVA) is a corporate agency (an independent nonprofit tax-exempt corporation) of the United States that provides electricity for business customers and local power distributors serving 9 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation, and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation. In 2015, it produced $3.315 ...

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