Tennessee Gov. Bill Haslam doubts anything will come of President Obama’s suggestion that the Tennessee Valley Authority’s ownership model be reconsidered. TVA is a federally owned corporation created during the Great Depression to control flooding while economically stimulating the technologically lagging rural South. As of last fall, TVA had approximately $24.1 billion in outstanding bonds and $47 billion in assets, according to a recent University of Tennessee policy brief on selling TVA (pdf). Prominent state Republicans have generally shunned the suggestion of introducing market forces into the TVA ownership mix. U.S. Sen. Lamar Alexander, for example, criticized the Obama administration for even publicly hinting at the idea. Nevertheless, former Chattanooga mayor Bob Corker, who now also serves in the U.S. Senate, believes there’s at least some merit in thinking about different ways of selecting TVA’s leadership. Gov. Haslam said during this June 19 press conference in Oak Ridge that while he believes there’s little chance TVA will be sold off, like Corker, he’d be open to considering new approaches to deciding how TVA is governed.