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 Finances & Debt
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)
White House budget planners say TVA may shift focus off debt. Decatur Daily 2/7/07
TVA Facing $60M Deficit: Knoxville News Sentinel 5/16/07
Business Magazine article on TVA Debt (5/07)
White House budget planners say TVA may shift focus off debt. Decatur Daily 2/7/07
TVA Facing $60M Deficit: Knoxville News Sentinel 5/16/07
OMB Analysis of TVA Debt (2007)
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)
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)
TVA: Competing in Markets for Capital and Electricity in Pursuit of Solvency. Logue and MacAvoy (2003) Journal of Strategic
Management Education.
TVA debt on rise to fund new plants: Chattanooga Times Free Press, October 01, 2007 By Dave Flessner
Subidies to TVA and other public power producers (EIA/DOE)
TENNESSEE VALLEY AUTHORITY FORM 10-K/A (Amended Annual Report) Filed 7/6/2007 For Period Ending 9/30/2006. Everything
you wanted to know but didn't know who to ask.
Direct-access Notes from the Nation’s Largest Public Power Provider. Presentation to: The 25th Annual LaSalle Fixed Income
Symposium and Exposition January 2007
Management Education.
TVA debt on rise to fund new plants: Chattanooga Times Free Press, October 01, 2007 By Dave Flessner
Subidies to TVA and other public power producers (EIA/DOE)
TENNESSEE VALLEY AUTHORITY FORM 10-K/A (Amended Annual Report) Filed 7/6/2007 For Period Ending 9/30/2006. Everything
you wanted to know but didn't know who to ask.
Direct-access Notes from the Nation’s Largest Public Power Provider. Presentation to: The 25th Annual LaSalle Fixed Income
Symposium and Exposition January 2007
Tennessee Valley Authority; Wholesale Electric. Ratings Direct. Standard & Poore. 7/13/07.
TVA's net income decreases. Southern drought is to blame for drop, according to utility. Knoxville News Sentinel. May 14, 2008
TENNESSEE VALLEY AUTHORITY FORM 10-Q (Quarterly Report) Filed 05/12/08 for the Period Ending 03/31/08
TENNESSEE VALLEY AUTHORITY FORM 10-K (Annual Report) Filed 12/12/07 for the Period Ending 09/30/07.
TVA Votes For Plant: Chattanooga Times Free Press 2/16/08. Way for TVA to exceed its debt limit?
TVA blames drought for its $17M loss in 1st quarter. Nashville Tennessean: 2/13/08.
TVA's net income decreases. Southern drought is to blame for drop, according to utility. Knoxville News Sentinel. May 14, 2008
TENNESSEE VALLEY AUTHORITY FORM 10-Q (Quarterly Report) Filed 05/12/08 for the Period Ending 03/31/08
TENNESSEE VALLEY AUTHORITY FORM 10-K (Annual Report) Filed 12/12/07 for the Period Ending 09/30/07.
TVA Votes For Plant: Chattanooga Times Free Press 2/16/08. Way for TVA to exceed its debt limit?
TVA blames drought for its $17M loss in 1st quarter. Nashville Tennessean: 2/13/08.
Utilities readying clients KUB planning outreach efforts; customers consider their options. By Larisa Brass Knoxville News Sentinel.
Thursday, August 21, 2008
TVA raising rates 20%. Utility blames climbing fuel costs; KUB to pass increase on to customers. By Larisa Brass . Knoxville News
Sentine. August 21, 2008
TVA Wholesale Rate Actions 1967- 2008
Historic Average Annual Residential Rate per kWh for Areas Served with TVA Power
TVA raises power rate by 20%. Consumers will probably see bills go up after Oct. 1
By ANNE PAINE • Nashville Tennessean. August 21, 2008
TVA officials to consider rate hikes that could cost customers billions. Nashville Tennessean. Associated Press • August 20,
2008
Tightening Our Power Belts as energy costs rise, finding ways to save crucial. Knoxville New Sentinel. 87/17/08.
TVA may raise base rates. Board will vote on increase that follows Oct. 1 boost. By Larisa Brass Knoxville News Sentinel. August
16, 2008.
TVA may face debt cap. Completing nuclear sites, capital growth nears $30 billion limit. Knoxville News Sentinel. Sept. 18, 2008.
Staying beneath the debt cap. Chattanooga Times Free Press. September 16, 2008.
TVA – Taxpayers Enron. Resource Supply Management. August 2003.
Report of the TVA Board's Finance, Strategy, Rates, and Administration Committee as presented by TVA CFO Kim Green at the
August 20, 2008 TVA board meeting.
Staying beneath the debt cap. Chattanooga Times Free Press. September 16, 2008.
TVA – Taxpayers Enron. Resource Supply Management. August 2003.
Report of the TVA Board's Finance, Strategy, Rates, and Administration Committee as presented by TVA CFO Kim Green at the
August 20, 2008 TVA board meeting.
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Power bills to go down a little. TVA to decrease fuel cost adjustment by 6% starting Jan. 1. Knoxville News Sentinel. November
14, 2008.
TVA sharing asset ownership. Seven States Power Corp. buys peaking plant. Knoxville News Sentinel. October 7, 2008
TVA: electric bills will drop. Utility's CEO could get 20% pay increase. By Anne Paine THE TENNESSEAN • October 31, 2008
Ky.'s coal keeps power rates lower than Tenn.'s. Nashville Tennessean. ANNE PAINE. September 12, 2008.
14, 2008.
TVA sharing asset ownership. Seven States Power Corp. buys peaking plant. Knoxville News Sentinel. October 7, 2008
TVA: electric bills will drop. Utility's CEO could get 20% pay increase. By Anne Paine THE TENNESSEAN • October 31, 2008
Ky.'s coal keeps power rates lower than Tenn.'s. Nashville Tennessean. ANNE PAINE. September 12, 2008.
TVA cuts electric rates, exec pay Declining power use, ash spill burden utility By Anne Paine and Brad Schrade • THE
TENNESSEAN • February 13, 2009
TVA reports increased operating revenues. Record $10.4 Billion. WRAL.com. Dec. 16, 2008
Economy slows TVA sales Chattanooga Times Free Press. 12/17/08.
TVA's 2008 Annual Report on Form 10-K has been filed with the Securities & Exchange Commission. The Annual Report on Form
10-K includes financial, operational, and descriptive information about TVA, including financial statements for the fiscal year ended
September 30, 2008.
TVA to boost debt by $789 million next year Dave Flessner, Chattanooga TImes Free
press. Feb. 1, 2010.
Official says $30B debt ceiling must be raised to replace coal plants. Dave Flessner
Chattanooga Times Free Press. January 23, 2010
Final Environmental Assessment, Rate Change Proposal Modification of Rate Structure
for Pricing of Wholesale Electricity to Distributors Within the TVA Power Service Area. From
2003, but plenty of gold information to mine.
TVA's shortfall requires action. Rate adjustments, changes in retiree benefits on the
way. Josh Flory. Knoxville News Sentinel. August 21, 2009.
Review of TVA's Financial Performance. TVA OIG. June 23, 2009.
Power rates may soon rise. TVA facing millions of dollars in new costs. DUNCAN
MANSFIELD Associated Press. April 4, 2009
Ratepayers may foot bill for lost lawsuit, ash spill. Price tags of $1.8B in N.C. case,
$1M a day in Kingston taking toll. DUNCAN MANSFIELD, Associated Press February 10,
2009
Time of day may be factor in TVA rate restructuring By Catherine Godbey. Decature
Daily. Feb. 18, 2010
Review of TVA Pension Risks. TVA OIG Report. Feb. 12, 2010
TVA sees drop in operating revenues. Knoxville News Sentinel. February 4, 2010