NSFW Archived Who sold the Tennessee Valley Water Authority? This really makes my blood boil. (theawakening)
submitted ago by patriot2008
Posted by: patriot2008
Posting time: 5 months ago on
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Archived on: 10/16/2020 10:00:00 AM
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NSFW Archived Who sold the Tennessee Valley Water Authority? This really makes my blood boil. (theawakening)
submitted ago by patriot2008
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Wikipedia says it is federally owned (ownership in the form of shares) and operates as if it is a private corporation power utility. It receives no taxpayer funding. The TVA Act authorizes the company to use eminent domain. So we are merely shareholders and a board of directors entirely out of our control hires and makes compensation decisions. I wonder if there are shareholder meetings where we the people might be able to change the bylaws on how the appointee running it gets paid (ie President appoints and determines the salaries of the board)..