Tennessee Valley Authority is a corporate agency that provides electricity for business customers. It also provides flood control, navigation and land management for the Tennessee River system and assists utilities and state and local governments with economic development. The organization is a fully self-financing, funding virtually all operations through electricity sales and power system bond financing. The organization focuses on three main areas: energy, to provide reliable, affordable electric power throughout the Tennessee Valley; environment, to be a steward of the regionâ€™s natural resources; and economic development, to serve as a catalyst for sustainable economic development. Tennessee Valley Authority was founded in 1933 and is based in Knoxville, Tennessee.