Congressmen Working To Eliminate Federal Payments to TVA By Restructuring

Fortnightly Magazine - March 15 1997
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Responding to a call by Tennessee Valley Authority's Chairman Craven Crowell to eliminate the $106-million, annual appropriation provided to it, Representatives Bob Franks (R-NJ.) and Marty Meehan (D-Mass.) on Feb. 5 introduced a bill to end that federal payment.

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The congressmen, who also co-chair of the Northeast-Midwest Congressional Coalition, distributed a study outlining the $1.2 billion in annual indirect taxpayer subsidies provided to TVA.

"We urge you to conduct an investigation into the costly tax breaks enjoyed by the investor-owned utilities at the expense of the American people," Crowell wrote. Crowell disagreed with the congressman's statements on TVA's "indirect subsidies" and said that TVA's power system had been self-financing since 1959 and receives no financial support from the federal government.

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