Government

What does the do?

Updates published annually

The Tennessee Valley Authority (TVA) is an independent public corporation responsible for providing electricity for business customers and local power companies, as well as managing natural resources in the Tennessee Valley region. The agency's functions include environmental stewardship, economic development, and being an energy provider. It was established in 1933.

In FY 2024,

$673M

was spent by the Tennessee Valley Authority
In FY 2024,

<0.1%

of federal spending was by the Tennessee Valley Authority

How much does the Tennessee Valley Authority spend?

The Tennessee Valley Authority spent $672.7 million in fiscal year (FY) 2024. This was 0.0099% of the $6.78 trillion in overall federal spending. The department ranked 43rd among federal agencies in total spending.

The Tennessee Valley Authority accounted for <0.1% of all federal spending in FY 2024.

Share of TVA net spending compared to the top ten highest spending agencies in FY 2024

Federal spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the Tennessee Valley Authority’s federal spending has decreased from $9.95 billion in 1980 to $672.7 million in 2024.

The Tennessee Valley Authority’s federal spending in FY 2024 was lower than in FY 1980.

Yearly federal net spending by TVA, adjusted for inflation (2024 dollars), FYs 1980–2024

Since 1980, Tennessee Valley Authority's spending has decreased 93.2%, while overall spending has increased 193.7%.
The department’s spending grew less than overall spending, which means that the department’s share of the federal budget decreased. In 2024, TVA accounted for 0.0099% of all federal spending. That’s 0.05 percentage points lower than 2014 and 0.4 points lower than in 1980.
Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.

The Tennessee Valley Authority's share of federal spending in FY 2024 was lower than in FY 1980.

Percentage of federal budget dedicated to TVA, FYs 1980–2024

Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2024, the Tennessee Valley Authority had negative net direct spending, which means the department’s indirect spending was more than 100% of its total budget.
The chart below outlines all net TVA spending.

How did the Tennessee Valley Authority spend its budget in 2024?

Federal government net spending isolated to TVA, FY 2024

Who leads the Tennessee Valley Authority?

The Tennessee Valley Authority (TVA) is led by a President and Chief Executive Officer (CEO). The CEO is appointed by the TVA Board of Directors. The Board itself is composed of members who are nominated by the President of the United States and confirmed by the Senate. The CEO serves at the discretion of the Board and typically remains in the position until they resign, are replaced, or a new Board decides to appoint a different CEO.

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Methodology

USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.

Page sources

USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.

  • Office of Personnel Management

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  • Office of Management and Budget and US Department of the Treasury

    Budget of the US Government and Monthly Treasury Statement

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