<Tr> <Th> Net income </Th> <Td> $271 million USD (FY 2013) </Td> </Tr> <Tr> <Th> Website </Th> <Td> tva.gov </Td> </Tr> <P> The Tennessee Valley Authority (TVA) is a federally owned corporation in the United States created by congressional charter on May 18, 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development to the Tennessee Valley, a region particularly affected by the Great Depression . The enterprise was a result of the efforts of Senator George W. Norris of Nebraska . TVA was envisioned not only as a provider, but also as a regional economic development agency that would use federal experts and electricity to rapidly modernize the region's economy and society . </P> <P> T.V.A.'s service area covers most of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small slices of Georgia, North Carolina, and Virginia . It was the first large regional planning agency of the federal government and remains the largest . Under the leadership of David Lilienthal ("Mr. T.V.A."), T.V.A. became a model for America's governmental efforts to seek in assisting the modernization of agrarian societies in the developing world . </P>

What were the top two purposes of the tennessee valley authority act
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