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[quote user="NKP guy"] <h3>What about the Tennessee Valley Authority?  Does the Federal government have any business in the commercial activity of making electricity?  [/quote]</h3> Whether the federal government should be in the electric energy business is a policy choice.  The federal government, as well as many local governments and governmental authorities, perform commercial functions that are similar to those performed by private sector companies.  The TVA is one example.  Others at the federal level include the Federal Deposit Insurance Company, the Pension Benefits Guarantee Corporation, Ginne Mae, etc.  At the local level most airports, as an example, are designed to operate as independent enterprises.  That is to say, their activities are separate from general government activities, e.g. defense, police, fire protection, etc.  They are expected to cover their expenses and costs through user fees.  The TVA, for example, generates sufficient revenues through the sale of wholesale power to cover its costs.  Accordingly, it does not require a direct subsidy from the general fund.
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