Corker Doubts TVA Sale Idea Viable

The idea of selling the Tennessee Valley Authority is continuing to get bad reviews from Republicans in Tennessee’s Congressional delegation, reports the News Sentinel.
In the 2014 budget submitted to Congress, the Obama Administration said it “intends to undertake a strategic review of options for addressing TVA’s financial situation, including the possible divestiture of TVA, in part or as a whole.”
In a written statement, U.S. Sen. Bob Corker said Thursday that “While unfortunate but true, TVA as a going concern today is probably worth less than its debt and its rates have become increasingly less competitive, so if the goal is deficit reduction, I doubt this idea gains much traction.”
In the past, Corker has been critical of how TVA is run, focusing particular attention on the board nominees submitted by Republican and Democratic presidents.
In October, Corker said that “On most days in Washington, I fear the federal government is going to destroy TVA”, adding that “I’ve wondered if the governors wouldn’t care more” about the agency and provide better oversight and leadership.
…The idea of a TVA sale also drew fire on Thursday from U.S. Rep. John J. Duncan, Jr., of Knoxville.
“This proposal is part of a Presidential budget that has received very bad reviews and is not likely to go anywhere,” Duncan said in a statement. “It is also something that has been proposed in the past and been determined to be a very bad idea.”

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