案例库 · 战略与领导 · 战略决策 · 1933
这条还没译成中文，下面是英文原文。
TVA funded dams by selling their electricity
TVA funded its flood-control dams by selling the electricity they generated, ending appropriations by 1959.
Tennessee Valley Authority (TVA)
那一手
The Tennessee Valley in the early 1930s was chronically poor, prone to destructive seasonal flooding, and largely without electricity outside its few cities -- exactly the kind of region private power utilities had no commercial reason to build into, since the sparse, low-income rural population offered a poor return on the capital a dam and transmission network would require. Flood control and river navigation improvements were classic public goods: valuable to the whole region, but with no direct buyer and no state government able to fund or coordinate infrastructure spanning an entire multi
Building the dams needed for flood control was going to be expensive regardless of who paid, and a project funded purely through recurring federal appropriations would depend on Congress renewing that spending, year after year, for a region with no way to prove the investment was paying for itself in any measurable way.
为什么管用
- Dams generate power as a physical byproduct, so selling it requires no extra investment.
- Electricity sales create a recurring revenue stream from an asset built anyway.
- Revenue decouples the program from annual political appropriations.
- Stable power market ensures the byproduct has value.
可以搬走什么
When building a public good yields a sellable byproduct, capture that revenue to fund ongoing costs instead of relying on appropriations.
后来呢
Federal appropriations for TVA's power program ended in 1959; by 2011 it generated roughly $12 billion a year from electricity sales alone.
资料来源
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