Solar Valley Coalition
GAO/AIMD/RCED-95-134 Produced in August of '95
http://www.gao.gov/new.items/d06810.pdf
Title: Tennessee Valley Authority Financial Problems Raise Questions About Long Term Viability
From this GAO Report:
"TVA’s plan includes the capital expenditures it believes will be needed to expand capacity of existing
generating facilities to meet the growing demand for power in its service area through 2015; however, any
new or unplanned expenditures prior to 2015 could lessen TVA’s ability to achieve the $7.1 billion goal. By
2015, TVA has estimated that it will need more baseload generation to meet growth in demand. TVA
officials are considering a number of options to meet this projected increase in demand for power, including
partnering with outside parties to build new generation. TVA’s current projections assume that it will not
invest in any new generation through 2015 other than restarting Browns Ferry Nuclear Plant Unit 1;
however, any new or unplanned capital expenditures could use cash otherwise intended to be used to
reduce financing obligations." (pg 2) NOTE that Watts Bar was not in the 1994 Plan as reviewed by GAO.
Office of Management and Budget's comment on TVA before TVA's 2004 strategic plan.
http://www.gao.gov/new.items/d06810.pdf
Title: Tennessee Valley Authority Financial Problems Raise Questions About Long Term Viability
From this GAO Report:
"TVA’s plan includes the capital expenditures it believes will be needed to expand capacity of existing
generating facilities to meet the growing demand for power in its service area through 2015; however, any
new or unplanned expenditures prior to 2015 could lessen TVA’s ability to achieve the $7.1 billion goal. By
2015, TVA has estimated that it will need more baseload generation to meet growth in demand. TVA
officials are considering a number of options to meet this projected increase in demand for power, including
partnering with outside parties to build new generation. TVA’s current projections assume that it will not
invest in any new generation through 2015 other than restarting Browns Ferry Nuclear Plant Unit 1;
however, any new or unplanned capital expenditures could use cash otherwise intended to be used to
reduce financing obligations." (pg 2) NOTE that Watts Bar was not in the 1994 Plan as reviewed by GAO.
Office of Management and Budget's comment on TVA before TVA's 2004 strategic plan.
| TVA Management |
The Nuclear Option Still bearing the scars—and financial burden—of the past, TVA ventures
once more into the breach TN Business Magazine article on TVA Debt (5/07)
once more into the breach TN Business Magazine article on TVA Debt (5/07)
Tennessee Valley Authority
SEC Filing Alert
Tennessee Valley Authority has filed the following document(s) with the United States Securities and Exchange
Commission.
------------------------------------------------------------------------
6/13/07
Form 8-K
May 11, 2007
PDF View all SEC Filings You are subscribed to Tennessee Valley Authority Investor Relations'">
Form 8-K / Current Report 1
SEC Filing Alert
Tennessee Valley Authority has filed the following document(s) with the United States Securities and Exchange
Commission.
------------------------------------------------------------------------
6/13/07
Form 8-K
May 11, 2007
PDF View all SEC Filings You are subscribed to Tennessee Valley Authority Investor Relations'">
Form 8-K / Current Report 1
White House budget planners say TVA may shift focus off debt. Decatur Daily 2/7/07
Fuel, Purchased Power Costs Continue To Drive TVA Expenses Up (TVA release May 12, 2006)
Fuel, Purchased Power Costs Continue To Drive TVA Expenses Up (TVA release August 18, 2006)
Tom Kilgore's Report to Board (5/07)
Fuel, Purchased Power Costs Continue To Drive TVA Expenses Up (TVA release August 18, 2006)
Tom Kilgore's Report to Board (5/07)
TVA buys back building for a bargain. Dave Flessner. Chattanooga Times Free Press.
January 2, 2011.
TVA responds to county's resolution about agency's 'excessive salaries' Letter
addresses concerns about salaries, bonuses Randall Higgins, Chattanooga Times Free
Press December 30, 2010
Freeze hits TVA manager salaries No raises until 2013 as agency supports fiscal restraint
moves Dave Flessner Times Free Press Knoxville News Sentinel December 28, 2010
TVA board to analyze CEO's pay incentives Kilgore can earn up to $3.6M if performance
goals reached Ed Marcum Knoxville News Sentinel November 13, 2010
Snark Bites: Massive cash spill hits TVA CEO By Scott McNutt Knoxville News Sentinel
November 14, 2010
Boost in pay for TVA CEO Tom Kilgore gets OK Kilgore could earn up to $3.6M if
performance standards met Dave Flessner, Chattanooga Times Free Press November 5,
2010
Paris TN: TVA CEO Tom Kilgore addresses TVA's future during Board of Public Utilities
luncheon. April 1, 2010 Paris Post Intelligencer
TVA president speaks at Lane about leadership and morality. By NED B. HUNTER.
Jackson Sun (AL), January 28, 2010
Kilgore Doesn't Feel He Has Public's Trust. MSNBC. March 9, 2009.
CEO Kilgore discusses utility's rough year, challenging future. By Anne Paine and
Brad Schrade • THE TENNESSEAN • February 8, 2009
TVA answers exec pay critics Compensation of execs comparable to others Ed Marcum
Knoxville News Sentinel. December 17, 2008
A nice raise for CEO of TVA. News comes in wake of major increase in public utility's rates.
Knoxville News Sentinel. Oct. 31, 2008.
TVA salary raise blasted. Lawmakers say increasing CEO's pay now is bad timing. Knoxville
News Sentinel. November 1, 2008
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