Dive Brief:

• The Obama administration is proposing to sell the Tennessee Valley Authority to state and local governments, and area utilities.
• The proposal, which was floated by the Office of Management and Budget (OMB) last year, is contained in the administration's just-released budget.
• Lawmakers from the Tennessee Valley will likely oppose the plan, which could raise up to $35 billion. Sen. Lamar Alexander, R-Tenn., has already come out against it.

Dive Insight:

Selling the Depression-era TVA could make sense, but it seems unlikely given local opposition to the idea.

Here's what OMB said: “The administration continues to believe that reducing or eliminating the federal government’s role in programs such as TVA, which have achieved their original objectives, can help mitigate risk to taxpayers.”