Private Utility Companies

Rural Electrification Administration Created to Bring Power to Farms Private Utilities Refused to Serve

1935-05-11 00:00:00 +0000 UTC | Importance: 7/10

President Roosevelt creates the Rural Electrification Administration (REA) by executive order on May 11, 1935, establishing a federal program to extend electricity to rural areas that private utility companies had refused to serve. At the time of REA’s creation, only 10 percent of American …

Franklin D. Roosevelt Morris Cooke private utility companies farmer cooperatives Rural Electrification Administration new-deal public-power rural-development utility-regulation cooperatives

Tennessee Valley Authority Created as Public Power Alternative to Private Utility Monopolies

1933-05-18 00:00:00 +0000 UTC | Importance: 8/10

President Roosevelt signs the Tennessee Valley Authority Act on May 18, 1933, creating a federally-owned corporation to provide electricity, flood control, navigation improvements, and economic development across seven Southern states in the Tennessee River watershed. The TVA represents the most …

Franklin D. Roosevelt George Norris U.S. Congress Tennessee Valley Authority private utility companies +2 more new-deal public-power utility-regulation corporate-resistance regional-development