The Tennessee Valley Authority (TVA) is a federally owned corporation in the United States that provides electricity for business customers and local power distributors serving more than 9 million people in parts of seven southeastern states. The TVA was created in 1933 as part of the New Deal, a series of programs and projects implemented by President Franklin D. Roosevelt to address the effects of the Great Depression. The TVA operates a network of hydroelectric power plants, coal-fired power plants, and nuclear power plants, as well as energy-efficient and renewable energy initiatives. The TVA also provides flood control, navigation, and land management services to the Tennessee Valley region. In addition to its electricity generation and distribution activities, the TVA also engages in economic development and environmental stewardship efforts in the region.