The Tennessee Valley Authority (TVA) is a federally owned corporation that operates in the power generation sector in the United States of America. The TVA was established in 1933 as part of President Franklin D. Roosevelt's New Deal program to provide economic development to the Tennessee Valley region. The TVA is headquartered in Knoxville, Tennessee, and is responsible for providing electricity to more than 10 million people in seven states, including Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina, and Virginia.
The TVA operates a diverse portfolio of power generation assets, including coal-fired, natural gas-fired, nuclear, and hydroelectric power plants. The TVA's power generation facilities have a total capacity of approximately 33,000 megawatts (MW), making it one of the largest electricity providers in the United States. The TVA's power generation facilities are spread across the Tennessee Valley region, with the majority located in Tennessee and Alabama.
In recent years, the TVA has also been actively developing renewable energy projects, including solar and wind power. The TVA has set a goal to generate at least 20% of its electricity from renewable sources by 2020. To achieve this goal, the TVA has been investing in new renewable energy projects and has been working with private companies to develop new renewable energy technologies.
One of the TVA's most significant renewable energy projects is the Watts Bar Nuclear Plant, located in Spring City, Tennessee. The Watts Bar Nuclear Plant is the first new nuclear power plant to be built in the United States in over 20 years and is capable of generating 1,150 MW of electricity. The TVA has also been investing in solar power projects, including the installation of over 1 million solar panels across the Tennessee Valley region. The TVA's solar power projects have a total capacity of approximately 1,000 MW.
The TVA is also actively involved in energy efficiency and demand response programs. The TVA offers a range of programs to help customers reduce their energy consumption, including rebates for energy-efficient appliances, home energy audits, and energy-saving tips. The TVA also offers demand response programs that allow customers to reduce their energy consumption during times of high demand, such as on hot summer days.
The TVA is committed to operating its power generation facilities in an environmentally responsible manner. The TVA has implemented a range of environmental programs to reduce its impact on the environment, including the installation of emissions control technologies on its coal-fired power plants and the implementation of fish protection measures at its hydroelectric power plants. The TVA has also been working to reduce its carbon footprint and has set a goal to reduce its carbon emissions by 60% by 2020.
In addition to its power generation activities, the TVA is also involved in economic development and community outreach programs. The TVA provides funding and support to local businesses and organizations to help promote economic development in the Tennessee Valley region. The TVA also works with local communities to promote environmental education and awareness.
Overall, the Tennessee Valley Authority is a significant player in the power generation sector in the United States. The TVA operates a diverse portfolio of power generation assets, including coal-fired, natural gas-fired, nuclear, and hydroelectric power plants. The TVA is also actively involved in developing renewable energy projects and has set a goal to generate at least 20% of its electricity from renewable sources by 2020. The TVA is committed to operating its power generation facilities in an environmentally responsible manner and is actively involved in economic development and community outreach programs.