The Power of Commitment

Financial Highlights

These papers describe TVA’s oversight and governance, and its financial performance.

Oversight and Governance (PDF, 60 kb)
• TVA oversight and the Corporate Accountability & Disclosure Plan
• Auditor independence
• Corporate accountability and financial disclosure

Financing the Business (PDF, 88 kb)
• Putting TVA’s financial health in context
• How TVA compares with the industry (operating costs, cash return on assets, capital structure, retail price of power)
• How TVA measures its financial health internally (cash flow from operations, interest coverage, debt and lease obligations, net interest expense as a percentage of revenue)

Competitive Position

These papers help readers better understand TVA and the way it operates, compare TVA’s competitiveness, provide an outline of its operational performance, and provide an understanding of how TVA benefits the Valley and the nation.

Understanding TVA (PDF, 92 kb)

• TVA as a public power company
• TVA is self-financed
• TVA and taxes
• Regulation, oversight, and governance

Cost and Price Comparison (PDF, 104 kb)

• How TVA is positioned to serve its customers
• Comparing TVA’s operating costs
• How TVA compares on price
• How TVA is preparing for competition

Value to the Valley (PDF, 348 kb)

• The benefits of TVA and public power
• The economic benefits of TVA
• How TVA contributes to the quality of life in the Tennessee Valley
• TVA and environmental investment

Value to the Nation (PDF, 536 kb)
• How TVA and public power benefits the nation
• The economic benefit TVA provides to the federal government
• How TVA serves the nation in managing its natural resources
• How TVA supports the National Energy Policy, helps protect the environment, and acts as a living laboratory for national demonstrations and research

Operating and Transmission Highlights

These reports give an overview of TVA’s operational performance and its transmission system and discuss some of the transmission and reliability issues facing the industry.

Operational Performance (PDF, 264 kb)

• Highlights of the TVA power system and how TVA is committed to performance
• Fossil, nuclear, and hydropower highlights
• TVA’s commitment to the environment
• TVA and security

TVA Transmission Highlights (PDF, 132 kb)

• TVA transmission system firsts
• How reliability is measured
• TVA transmission system accomplishments

Transmission and Reliability Issues (PDF, 256 kb)

• The evolution of U.S. transmission systems
• The state of U.S. transmission systems
• TVA’s posture in an evolving industry
• TVA and innovative transmission cooperation
• The future of U.S. transmission systems

Broker Information

This paper provides details about TVA’s financing program.

Power Investing With TVA (PDF, 84 kb)

• Features of TVA’s outstanding securities
• TVA’s financing goal and earnings objective
• TVA securities and state tax exemption
• TVA compared to government sponsored enterprises
• Frequently asked questions about TVA securities

Reference

These documents provide further data on TVA’s performance, programs and services, and legal information.

TVA 2002 Fact Sheet (PDF, 264 kb)
2002 Annual Report (PDF, 2.8 mb)
Information Statement (PDF, 332 kb)
Forward-Looking Statements (PDF, 12 kb)